Nine mineral-rich states -- Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Tamil Nadu and Telangana -- are readying 75 blocks for auction.
The Union mines ministry on Wednesday said its profit sharing plans are not focussed on any corporate houses like Tatas and Jindals, but aims at providing compensation to the people displaced by mining projects.
The government is keen to amend the MMDR Act for transparency in the mining sector.
Under current laws, a company cannot sell mines but only transfer leases when it is acquired by another firm.
Is it inconsistency in policy, or the lack of robust support?
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