After the Lok Sabha passed a Bill to amend the Mines and Minerals (Development and Regulation) Act, industry body Ficci said mining reforms will play a fundamental role in enhancing the sector’s contribution to employment and the country's growth.
The bill to amend the Mines and Minerals (Development and Regulation) Act, 1957, would bring in mega reforms in the sector with resolution in legacy issues, thereby making a large number of mines available for auctions. It will also help strengthen the auction-only regime and boost transparency in the system.