Supreme Court: Foreign Companies’ Head Office Expenses in India are Capped under Section 44C  ||  SC Directs Trial Courts to Systematically Catalogue Witnesses and Evidence in Criminal Judgments  ||  SC Calls For Sensitising Future Generations on Equality in Marriage to Combat Dowry Practices  ||  SC: Separate Suits Against Confirmed Auction Sales are Barred; Remedy Available under Sec 47  ||  NCLT Mumbai: Oppression Claims Against Majority Shareholders Do not Justify Winding up a Company  ||  J&K&L HC Rules it Illegal and Inequitable to Deny Regularisation to a Daily Wager After 34 Years  ||  J&K&L High Court: Revisional Powers Must Be Used Within Reasonable Time; Merits Don’t Justify Delay  ||  Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post  ||  NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute  ||  NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt    

Cabinet approves National Mineral Exploration Policy - (29 Jun 2016)

MANU/PIBU/0510/2016

Mines and Minerals

The Union Cabinet approved the National Mineral Exploration Policy to encourage participation of the private sector.

Under the policy, the Ministry of Mines will auction exploration blocks to private sector entities. It will be done on a revenue sharing basis, in hopes that exploration will yield auction-able resources. Alternatively, failure to find resources will mean part reimbursement of costs by the government.

A National Geoscientific Data Repository will be set up collate all baseline and mineral exploration information generated by various government agencies and mineral concession holders in a geospatial database. The data will be placed in the public domain and will be available free of charge.

The Geological Survey of India already provides a wealth of geological maps for public consumption, however, many of the maps published are decades old.

Tags : NATIONAL MINERAL EXPLORATION POLICY   MINING   DATABASE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved