INDUSTRY

Mining law set for a major revision to evolve with changing industry dynamics

The government is considering overhauling the Mines and Minerals (Development and Regulation) Act (MMDR Act), 1957, into a comprehensive new mining law.
The new mining law is aimed at incorporating ease of living and ease of doing business reforms, according to sources in the Mines Ministry.
The Mines Ministry administers the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act).
The law has been amended from time to time to keep pace with the evolving requirements of the mining and minerals sector.
In recent years, the Centre has made efforts to review the nation’s regulatory landscape to incorporate ease of living and ease of doing business reforms across all sectors.
The mining and mineral sector is important for the economy, future technological progress, fulfilling the strategic needs of the country, and achieving the vision of Viksit Bharat by 2047.
The proposed overhaul of the mining law into a comprehensive and streamlined mining legislation intends to achieve these multiple goals.
An inter-ministerial panel under the chairmanship of mines additional secretary will draft the new bill, they said. It will review the existing MMDR Act, 1957 in its entirety, examine international best practices, and incorporate them in the new bill.
An inter-ministerial panel under the chairmanship of the additional secretary of mines will be drafting the new Bill, the sources add.
The panel will review the existing MMDR Act in its entirety, examine international best practices and incorporate them in the new law.
The committee will also include necessary provisions keeping in mind future trends in the mining sector.

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