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Legislative Framework Of Mining Sector In India

Consider the following statements in context to the Legislative Framework of Mining Sector in India:

  1. The entry at serial No. 23 of List II (State List) to the Constitution of India mandates the state government to own the minerals located within their boundaries.
  2. The entry at serial No. 54 of List I (Central List) mandates the central government to own the minerals within the exclusive economic zone of India (EEZ).

Choose the correct answer from the options below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2