The Gist of Press Information Bureau: October 2016
- National Mineral Exploration Policy ()
- Interest Subvention Scheme for farmers for the year 2016-17 ()
- Jawaharlal Nehru Port-First Port in Country to Implement Logistics Data Tagging (Only For The Subscribed Members)
- India-first nation to be formally acknowledged to be yaws-free (Only For The Subscribed Members)
- Gist of Science Reporter (Only For The Subscribed Members)
- Solar Tantrums (Only For The Subscribed Members)
- Fly a Solar Plane! (Only For The Subscribed Members)
National Mineral Exploration Policy
The MMDR Amendment Act, 2015 has brought in transparency in allocation of mineral concessions in terms of Prospecting License and Mining Lease. The present regime of grant of mineral concessions provides for Non Exclusive Reconnaissance Permit (NERP) which does not allow seamless transitions to prospecting and mining licences.
On account of this, the private sectors do not seem to be enthused to take up high risk of exploration. Keeping this in view, National Mineral Exploration Policy (NMEP) prescribes for incentivising the participation of private companies in exploration. Under NMEP, private agencies would be engaged to carry out exploration with the right to a certain share in the revenue (by way of royalty/premium to be accruing to the state government) from the successful bidder of mineral block after e-auction, which will be discovered by that private explorer. The revenue sharing could be either in the form of a lump sum or an annuity, to be paid throughout the period of mining lease, with transferable rights.