Government To Auction Over 100 Mineral Blocks
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
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