The Mines And Minerals (Development And Regulation) Amendment Bill, 2023

Question 1

Q. What are some key features of the Bill ?

Answer 1

Ans : 1. Introduction of exploration licence for deep-seated and critical minerals .
2. Omission of 6 minerals from the list of 12 atomic minerals .
3. Empowering the central govt to exclusively auction mineral concessions for critical minerals.

Question 2

Q. What are some implications of the bill ?

Answer 2

Ans : 1. Foreign investment and entrepreneurship: provide a conducive legal environment for attracting FDI.
2. PVT sector participation.
3. Speeding up the process.
4. Reduced import dependency.

Question 3

Q. Write a conclusion for the bill .

Answer 3

Ans : Given the importance of critical minerals for economic growth, climate action and national security, its exploration and judicious use are non-negotiable for the idea of Atmanirbhar Bharat.