How will the recently approved National Mineral Policy, 2019 be effective in ushering in a sustainable mining sector? Examine.
Answer: Recently, the Union Cabinet has approved the National Mineral Policy 2019. The policy aims to bring in further transparency, better regulation and enforcement, balanced social and economic growth as well as sustainable mining practices across the country.
Effect of New Policy on Mining Ecosystem
- Status of industry: Policy proposes to grant status of industry to mining activity to boost financing of mining for private sector and for acquisitions of mineral assets in other countries by private sector.
- Inter-generational equity: The policy introduces the concept of Inter-Generational Equity that deals with the well-being not only of the present generation ....
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