Window To News - Latest News, Breaking News, India News, World News & Live Updates

Centre to introduce bill in LS to allow auction of minerals mined offshore

26 Jul 2023

The bill, which will be introduced by Union Mines and Coal Minister Pralhad Joshi, seeks to amend the Offshore Areas Mineral (Development and Regulation) Act, 2002. The original Act for offshore mining does not provide for auctions of minerals, and since the government is now keen on the auction route, therefore an amendment bill is now being brought in. The objective behind the bill is to mine rocks under the sea. The Offshore Areas Mineral (Development and Regulation) Act was enacted in 2002, however, no mining activity could be carried out from the sea bed owing to several pending litigations. Meanwhile, the Centre will also try and get the Jan Vishwas (Amendment of Provisions) Bill, 2022, passed in the lower house. Recently cleared by the Union Cabinet, the bill which was also referred to a joint panel of Parliament, seeks to amend certain enactments for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business. --IANS ans/ksk

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)

Centre to introduce bill in LS to allow auction of minerals mined offshore

LATEST India NEWS

LATEST NEWS