Tag: Auction of Iron ore & other minerals
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What does Ordinance mean for India’s Mining Industry?
President Pranab Mukherjee has signed an ordinance on 12 Jan’15 to amend the Mines & Minerals (Development and Regulation), Act 1957. The Union Cabinet in a meeting chaired by Prime Minister, Narendra Modi on 05 Jan’15, had approved promulgating an ordinance for auction of Iron ore and other minerals, yet again opting the emergency route that…