<p>Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development and Regulation) Act 1957 and The Coal Mines (Special Provisions) Act, 2015. Rajya Sabha passed
Ministry of Mines
IT PARK IN THE EYE OF STORM New Rules To Cause Heavy Losses To Govt Arvind Singh Bisht | TNN Lucknow: UP mining minister Babu Singh Kushwaha has become a mine of controversy himself. His clout is evident from the fact that as chairman of the UP State Industrial Development Authority (UPSIDA) he has brought the authority directly under the mining ministry, which has actually not much to do with industrial development.
BY VENKAT PARSA NEW DELHI A transparent mines regulatory regime is on the cards. The Union mines ministry plans to develop a Mining Tenement System, which will help in creating a transparent regulatory regime for prospecting and mining licences in collaboration with the state governments. Several states are already experimenting with similar systems and a sharing of experience as well as data will be in the overall interest of the mineral sector.
Minerals are a valuable natural resource being the vital raw material for infrastructure, capital goods and basic industries. As a major resource for development the extraction and management of minerals has to be integrated into the overall strategy of the country's economic development. The exploitation of minerals has to be guided by long-term national goals and perspectives.
The Indian Bureau of Mines (IBM) established in 1948, is a multi-disciplinary government organisation under the Department of Mines, Ministry of Mines, engaged in promotion of conservation, scientific development of mineral resources and protection of environment in mines other than coal, petroleum & natural gas, atomic minerals and minor minerals.