India falling behind in mineral block auctions, looking to relax rules

July 12, 2017

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India is falling behind in auctioning non-coal mineral blocks to private miners. According to government data, since the Mines and Minerals (Development and Regulation) Amendment Act (MMDRA) was promulgated in 2015, provincial governments have been able to auction only 29 mineral blocks against the “unofficial” target of allocating 50 assets in the first year of the new rules coming into play.

Category: General