LEGISLATIVE ENVIRONMENT
India’s Mines Ministry is reframing the rules and legislation for offshore mineral exploration and extraction to bring it in line with legislation governing onshore mineral auctions.
The Mines Ministry has drawn up amendments to the Offshore Mineral Development and Regulation Act 2002 for circulation among various stakeholders, leading to a 2017 version of a Bill to be put up for ratification of the Parliament, a government official has said.
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