Latest news with #MinesandMinerals(DevelopmentandRegulation)AmendmentBill2025
Indian Express
a day ago
- Politics
- Indian Express
Amid disruptions, Lok Sabha passes Mines and Minerals, Ports Bills
While Lok Sabha proceedings on Tuesday saw repeated adjournments amid protests from the Opposition demanding a discussion on Bihar SIR, two Bills were passed. The Lok Sabha passed the Indian Ports Bill 2025 and the Mines and Minerals (Development and Regulation) Amendment Bill 2025 by voice vote. Parliamentary Affairs Minister Kiren Rijiju condemned the behaviour of Opposition members, who also tore up documents in the House, and alleged that the Opposition members were insulting the Chair and lowering the dignity of the House. Rijiju said that when BJP was in the Opposition for several years, it never resorted to such tactics. Jagdambika Pal, who was in the Chair during the second half, called out Deputy Leader of Congress in LS, Gaurav Gogoi, for instigating Congress members to enter the Well of the House and hurling papers at the Chair. He said it has lowered the dignity of the House. The Indian Ports Bill 2025 intends to establish and empower State Maritime Boards for effective management of ports other than major ports besides establishing the Maritime State Development Council for fostering structured growth and development of the port sector. The Mines and Minerals (Development and Regulation) Amendment Bill 2025 seeks to widen the scope and territorial domain of the National Mineral Exploration Trust to enable the use of the funds accrued to it within India, including offshore areas, and outside India for the exploration and development of mines and minerals.
Time of India
2 days ago
- Business
- Time of India
Lok Sabha passes Bill to ease mineral exploration norms
NEW DELHI: The Lok Sabha on Tuesday passed the Mines and Minerals (Development and Regulation) Amendment Bill 2025 to further liberalise norms for investors and empower states with the aim of boosting exploration for critical and strategic minerals. The amendment Bill, introduced on August 11, was passed by voice vote amid Opposition din. Under the amended provisions, lease holders seek state government permission to add critical and strategic minerals as well as other specified minerals to their existing lease without paying any additional amount. Under the existing norms, leases are granted for specific minerals. But under the amended provisions, lease holders can add minerals such as lithium, graphite, nickel, cobalt, gold, and silver. For inclusion of other minerals, the lease holder will have to pay an amount equivalent to the royalty for that mineral. In case of auctioned mines, the lease holder additionally has to pay the auction premium for the included mineral. For addition of a minor mineral to a mining lease issued for major mineral, the state government will now have the power to decide the royalty and other payments. Minor minerals include building stones, gravel, sand, and other minerals declared as minor minerals by the central government. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search Ads Search Now Undo For inclusion of major minerals to minor mineral leases, the central government will prescribe conditions through Rules. However, an atomic mineral above a specified grade cannot be included in a mining lease granted for non-atomic minerals. The amendments remove the limit on sale of minerals from captive mines. Under the current Act, captive mines are allowed to sell up to 50% of minerals produced in a year, after meeting end-use requirements. It empowers state governments to allow sale of mineral dumps stacked in the leased area up to a date specified by the Central government. The amendment Bill empowers state governments to allow sale of mineral dumps stacked in the leased area up to a date specified by the Central government. The Bill provides for establishing an authority to register and regulate mineral exchanges. It defines mineral exchange as a registered electronic trading platform or marketplace for trading minerals and metals. The Bill renames the National Mineral Exploration Trust to National Mineral Exploration and Development Trust and increases the rate of contribution to 3% of the royalty. Under the amended norms, the trust funds can now be used for exploration and development in offshore areas and overseas.
Time of India
2 days ago
- Business
- Time of India
Lok Sabha passes Mines and Minerals Amendment Bill
New Delhi: The Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill 2025 on Tuesday, amid the din of opposition protests over the revision of Bihar electoral rolls by the Election Commission. The Bill was passed by a voice vote as opposition members raised slogans in the House. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program The Mines and Minerals (Development and Regulation) Amendment Bill 2025 seeks to widen the scope and territorial domain of the National Mineral Exploration Trust to enable the use of the funds accrued to it within India, including offshore areas, and outside India for the exploration and development of mines and minerals. The Bill also seeks to rename the trust as the National Mineral Exploration and Development Trust to reflect its enlarged scope and increase the amount of payment to it by the lessees from the present 2 per cent of the royalty payable to 3 per cent.
News18
2 days ago
- Business
- News18
Lok Sabha passes Mines and Minerals Amendment Bill
Agency: PTI Last Updated: New Delhi, Aug 12 (PTI) The Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill 2025 on Tuesday, amid the din of opposition protests over the revision of Bihar electoral rolls by the Election Commission. The Bill was passed by a voice vote as opposition members raised slogans in the House. The Mines and Minerals (Development and Regulation) Amendment Bill 2025 seeks to widen the scope and territorial domain of the National Mineral Exploration Trust to enable the use of the funds accrued to it within India, including offshore areas, and outside India for the exploration and development of mines and minerals. The Bill also seeks to rename the trust as the National Mineral Exploration and Development Trust to reflect its enlarged scope and increase the amount of payment to it by the lessees from the present 2 per cent of the royalty payable to 3 per cent. PTI GJS NAB DIV DIV view comments First Published: August 12, 2025, 17:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
