chemistry today magazine

chemistry today magazine

chemistry today magazine Published this article page no  83 Advance action for auction o Under the MMDR Act mining leases for specified minerals (minerals other than coal lignite and atomic minerals) are auctioned on the expiry of the lease period. o The Ordinance provides that state governments can take advance action for auction of a mining lease before its expiry.  Transfer of statutory clearances to new bidders o Currently the new lessee is required to obtain statutory clearances before starting mining operations This leads to delay and would adversely affect the mineral production in the country which in turn would impact the important downstream industries like steel cement etc. o The Ordinance provides that the various approvals licenses and clearances given to the previous lessee will be extended to the successful bidder for a period of two years. Conclusion  While the ordinance is a positive step to provide operational efficiency the corresponding rules and bidding guidelines must be assessed in detail to ensure that progressive steps pursuant to the Ordinance are preserved and given full effect.  The liberalised policy will allow global players to look for investment opportunities which in turn will allow the country to leverage their technical capabilities for effective utilisation of natural resources for the benefit of people at large chemistry today magazine buy.

chemistry today magazine