Coal and Mines Minister Pralhad Joshi has said the government might come out with some more reforms in the mining sector ‘very shortly’. He said with the time several amendments have been made in rules concerning the mining sector as well and the mines ministry will continue to bring reforms further as per the demand of the industry.
He stated that the government brought the Mines and Minerals (Development and Regulation) Amendment Act, 2015, which provides for the actual resources through the auction route and further major amendments were brought this year also. He added that this year, in comparison to the previous years, a lot of mines have been brought into auction.
He further emphasized that the government is keen to promote the best use of the country's mineral reserves, a sustainable domestic mining industry, reduce imports and increase the mineral sector's contribution to India's gross domestic product (GDP) from the current 1.75 per cent to at least 2.5 per cent. He noted that India's mining sector contributes in many ways to the country's economy and a little push to this sector will push the entire economy.
