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NEW DELHI, Aug 14: The Government plans to put on the block 13 gold mines in the states of Andhra Pradesh and Uttar Pradesh in the ongoing month amid its efforts to give a boost to the mining sector’s contribution to the country’s gross domestic product. Of the 10 blocks in Andhra Pradesh, the auction of five blocks may take place on August 26, while the remaining five are likely to be put on the block on August 29, according […]

Get latest articles and stories on Latest News at LatestLY. Auction of 15 mineral blocks has been quashed in the ongoing financial year, while 32 mines have been put on sale successfully. Latest News | Auction of 15 Mineral Blocks Quashed.

The recently notified Company Share Capital & Debentures Amendment Rules, 2022 is just the latest in a string of measures implemented by the MCA to tighten and further regulate investment from any person or entity situated in a country sharing a land border with India

A Division Bench of Justices DY Chandrachud and Bela M Trivedi also noted that power under Article 227 is intended to be used sparingly and only in appropriate cases and not for correcting mere errors.

The present amendment in the rules will supplement the recent policy reforms taken in the mineral sector and facilitate auction of more blocks, thereby increasing production and mineral supply in the country, the statement said.