Why in news?
The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved National Mineral Policy 2019.
Why the need for new policy (replacing NMP, 2008)?
National Mineral Policy 2019 replaces the extant National Mineral Policy 2008 ("NMP 2008") which was announced in the year 2008. The impetus to review NMP 2008 came about by way of a direction from the Supreme Court judgment dated 02.08.2017 (Common Cause v/s Union of India & Others).
In compliance of the directions of the apex Court, the Ministry of Mines constituted a committee on 14.08.2017 under the chairmanship of Dr. K Rajeswara Rao, Additional Secretary, Ministry of Mines to review NMP 2008.
The Ministry of Mines accepted the committee Report and Departments the Ministry of Mines finalized the National Mineral Policy 2019.
What are the objectives of the policy?
The aim of National Mineral Policy 2019 is to have a more effective, meaningful and implementable policy that brings in further transparency, better regulation and enforcement, balanced social and economic growth as well as sustainable mining practices.
Besides, the Policy aims to-
What will the benefits emanating from that?
What are the important provisions under the policy?