Author: BigMint Technologies Pvt Ltd
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India: Centre formulates Draft Rules for Mineral Auction
The central government on 8 Apr’15 has come out with draft rules for auction of mines. The government has proposed to e-auction two types of licences/leases namely ‘Mining Lease’ and ‘Composite License’. This proposal is a part of ‘The Mineral (Auction) Rules, 2015’. Before the auctioning process, the state governments have to identify, demarcate and…