Government To Auction Over 100 Mineral Blocks

There are 102 blocks in pipeline to be auctioned by March 2019 in Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Assam, as per a report by the Ministry of Mines on progress of block auction.
The Centre had earlier said it was considering granting all approvals, including environmental clearance, to mineral blocks before putting them up for sale, a move that may give a push to the auctions. Plans are to fast-track auctioning and iron out issues related to green clearances and land rights are addressed upfront. It has given in-principle approval to provide single clearance for environment and forest to the new lease holders of the 288 mining leases expiring in t in two years.
From the 50 mineral blocks auctioned so far since 2015, the government will earn revenue of ` 1.81 lakh crore over the lease period. To ensure transparency in the mineral sector, Mines and Minerals Development and Regulation) Amendment Bill, 2015 was passed by Parliament in 2015