National Mineral Policy 2019 Flashcards
1
Q
Ministry
A
Ministry of Mines
2
Q
What it has replaced
A
It has replaced NMP 2008
3
Q
Whose recommendation it has followed
A
Dr K Rajeswara Rao
4
Q
What are key objectives
A
1 Sustainable mining 2 Transparency 3 Ease mergers and acquisition 4 Pvt sector participation 5 Dedicated Mineral cooridor
5
Q
Are they given Industry status
A
Yes now mines are treated as industry so easy credit possible
6
Q
What is Right to first Refusal
A
Earlier in a exploration if a company finds resources it will inform govt and further auctioning will take place.
But now the Company has some benefits and will be auctioned only if it refuses to mine there.
7
Q
Will pvt sector participate
A
Yes
8
Q
What will be desirable mode of transportation
A
Inland and sea transport
9
Q
What will be use of District Mineral Fund
A
To do social and welfare activites in district.
