The preparedness of state governments for initiating and conducting of mineral auction has already been discussed in the previous CCEC meetings. However, none of the non-coal mineral blocks has been auctioned yet since the passing of the Mines and Minerals (Development and Regulation) Amendment Act, 2015, in March this year.
The government will also review and discuss the states’ progress in setting up of a District Mineral Foundation (DMF), so that local benefit-sharing commences at the earliest. The Centre has already asked the states if they have decided on the districts to be notified for DMF. In case the DMF structure has not been notified, the Centre has asked the time it would take in doing so.
Another topic which the Centre would be discussing with the states is the status of extension of existing mining leases. The new mining law has allowed extension of lease period of captive mines by 15 years, while the non-captive mines are allowed to operate till 2020 only.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)