The Mines and Minerals (Development and Regulation) Amendment Bill, 2016:

  1. allows for the transfer of mining leases which have been granted through an auction process
  2. prohibits the transfer of mining leases which have been granted through procedures other than auction

Which of the above statements is/are correct?

Answer: [A] 1 Only

First statement is correct. Second statement is incorrect because the bill also allows for the transfer of mining leases which have been granted through procedures other than auction, and where the minerals are used for captive purpose.

This question is a part of GKToday's Integrated IAS General Studies Module