Amendments to mining laws get cabinet nod

15 Jan 2021 CW Team

Image Source The Union Cabinet chaired by Narendra Modi approved structural reforms in the mining sector through legislative amendments to the Mines and Minerals (Development and Regulation) (MMDRA) Act, 1957, as reported by sources.

Officials claimed that this is expected to boost production and private investment in the sector.

Captive mines would now be allowed to sell 50% of the minerals excavated in a year, under the proposed reforms.
The Centre has also proposed to give 50% rebate in the quoted revenue share, for the quantity of mineral produced and dispatched earlier than the scheduled date of production.
The cabinet approved comprehensive licensing for exploration and production, clarity in illegal mining, national mineral index and joint auctions of bauxite and coal mines for the aluminium sector.

The amended laws:

The Centre has proposed the amendment of section 10A(2)(b) & 10A(2)(c) of the MMDRA to unlock more mines for auctioning. This would involve the Centre auctioning the pending mining leases as well. Section 10A(2)(b) pertains to the leases where reconnaissance permit (RP) or prospecting licence (PL) were granted, and 10A(2)(c) relates to grant of mining leases (ML).
The Indian Stamp Act, 1899, will also be amended by the Centre, as a part of the mining reforms, in order to bring uniformity across the States in the calculation of stamp duty. For resolving the issue of "double taxation" in the mining sector, a committee will also be set up.
The MEMC Rules (Minerals (Evidence of Mineral Contents) Rules, 2015) will be amended by the government for including globally accepted classification standards like JORC, CRIRSCO etc. and the latest UNFC classification.

The amendments that are now to be laid before the parliament in the budget session do away with the distinction between captive and non-captive mines, allowing the transfer of mining leases.

Also read: Coal sector to see major investments: Home Minister

Make in Steel 2021

24 February

Click for event info

The Union Cabinet recently approved a reform package for the mineral and mining sector which would involve amendments to three existing laws, pricing formula for minerals, exploration of mines and several taxes and duties levied on mining. Image Source The Union Cabinet chaired by Narendra Modi approved structural reforms in the mining sector through legislative amendments to the Mines and Minerals (Development and Regulation) (MMDRA) Act, 1957, as reported by sources.Officials claimed that this is expected to boost production and private investment in the sector.Captive mines would now be allowed to sell 50% of the minerals excavated in a year, under the proposed reforms. The Centre has also proposed to give 50% rebate in the quoted revenue share, for the quantity of mineral produced and dispatched earlier than the scheduled date of production. The cabinet approved comprehensive licensing for exploration and production, clarity in illegal mining, national mineral index and joint auctions of bauxite and coal mines for the aluminium sector. The amended laws: The Centre has proposed the amendment of section 10A(2)(b) & 10A(2)(c) of the MMDRA to unlock more mines for auctioning. This would involve the Centre auctioning the pending mining leases as well. Section 10A(2)(b) pertains to the leases where reconnaissance permit (RP) or prospecting licence (PL) were granted, and 10A(2)(c) relates to grant of mining leases (ML).The Indian Stamp Act, 1899, will also be amended by the Centre, as a part of the mining reforms, in order to bring uniformity across the States in the calculation of stamp duty. For resolving the issue of double taxation in the mining sector, a committee will also be set up.The MEMC Rules (Minerals (Evidence of Mineral Contents) Rules, 2015) will be amended by the government for including globally accepted classification standards like JORC, CRIRSCO etc. and the latest UNFC classification. The amendments that are now to be laid before the parliament in the budget session do away with the distinction between captive and non-captive mines, allowing the transfer of mining leases. Also read: Coal sector to see major investments: Home MinisterMake in Steel 202124 February Click for event info

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..