Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Current Affairs

Topic

International: 2023

Question:

The private sector in India is allowed to do exploration of which of the following atomic mineral in India according to Mines and Minerals (Development and Regulation) Amendment Bill, 2023?

Options:

beryllium

titanium

Lithium

all of the above

Correct Answer:

all of the above

Explanation:

The Mines and Minerals (Development and Regulation) Amendment Bill, 2023, was passed by the Indian Parliament in August 2023, enabling the private sector to undertake mining operations for six out of 12 atomic minerals, including lithium, as well as deep-seated minerals like gold and silver.

  • The Bill grants permission to private companies to mine and explore previously reserved atomic minerals, fostering increased competition and investment in the sector.
  • Lithium, beryllium, niobium, titanium, tantalum, and zirconium are among the atomic minerals now open for exploration by private entities.
  • Deep-seated minerals, including gold, silver, copper, zinc, lead, nickel, cobalt, platinum group minerals, and diamonds, will also be available for private sector mining and auction.