District Mineral Foundation (DMF) Flashcards by Nikhil M | Brainscape

Q

DMF’s were instituted under which Act ?

A

Mines and Minerals (Development and Regulation) Amendment Act , 2018

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Q

Are DMF’s profit based trusts ?

A

NO , these are non profit trusts which work for the benefit of persons and areas affected by mining related areas

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Q

DMF’s operation comes under which Govt ?

A

State Govt

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Q

Are DMF’s expected some contribution other than the royalty they pay ?

A

YES (but their contribution shouldnt exceed 1/3rd of royalty)

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Q

Who prescribes the rate of their contribution ?

A

Central Govt

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Q

What is the other major provision made under DMF’s ?

A

National Mineral Exploration Trust formation

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Q

Under whose jurisdiction will National Mineral Exploration Trust function ?

A

Central Govt

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