Modi Cabinet approves new Mining Policy

Newsroom24x7 Staff

New Delhi: Prime Minister Narendra Modi led Cabinet today approved the new National Mineral Exploration Policy (NMEP) policy that would allow large-scale mineral exploration by the private sector.

Thus was announced by Union Minister for Finance and Information and Broadcasting Arun Jaitley here tiday.

Under the new National Mineral Exploration Policy, private sector will be allowed to go for detailed mineral exploration. Till now they could  bid for mineral blocks.

Observers have expressed caution vis-a-vis implementation of the new Mineral Exploration Policy. Few experts when contacted agreed on the point that it remains to be seen whether or not the new policy would open the floodgates for mineral exploration in the “no go” and fragile eco-sensitive zones  that are hotspots from the conservation angle.

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