Tag: Mineral Concession rules 2016
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India: Coal Ministry amends mineral concession rules; interest on delayed payments halved
The Ministry of Coal (MoC) has made amendments to the Mineral Concession Rules (MCR), 1960 in a bid to enhance ease of doing business. The term ‘Mineral Concession’ refers to a license, permit, or other contract such as reconnaissance permit, prospecting license and mining lease. The rules under MCR regulate the application and grant of…