New Mineral Policy, 2019

Consider the following statements regarding New Mineral Policy, 2019 (NMP 2019):

  1. The Policy proposes to grant status of industry to mining activity to boost financing of mining for private sector and for acquisitions of mineral assets in other countries by private sector.
  2. There is no provision regarding the private sector for participation in the new policy.
  3. NMP 2019 aims to attract private investment through incentives while the efforts will be made to maintain a database of mineral resources and tenements under mining tenement systems.
  4. The 2019 Policy also introduces the concept of Inter-Generational Equity that deals with the well-being not only of the present generation but also of the generations to come.

Which of the following statements given above is/are incorrect?

A
Only 1
B
Only 2
C
1 and 3
D
None of the above