Monday, February 24, 2020

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Allocation of mining blocks by Auction route? is it the best way

As per the national minerals policy 2008, and amendment MMDR act in 2015, intention of removing discretion and introducing transparency, the auction route  has gained ground and has become obligatory.

The result is that there are no takers for coal blocks and other mineral blocks too.

All over the world, mining of minerals of is given competent and financial sound parties, who are capable of investing money as per the public knowledge.

(Source: R.B. Mathur, Dated 24 Feb, 2020)

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