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New Mineral Policy, 2019
Consider the following statements regarding New Mineral Policy, 2019 (NMP 2019):
- 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.
- There is no provision regarding the private sector for participation in the new policy.
- 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.
- 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
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- Statement 1:In March 2019, the Union Cabinet approved the National Mineral Policy (NMP), 2019 to replace the National Mineral Policy 2008. The Policy proposes to grant status of industry to mining activity in order to boost the mining sector in India.So, the given statement is correct.
- Statement 2: The Policy also mentions rationalize reserved areas given to PSUs which have not been used and to put these areas to auction, which will give more opportunity to private sector for participation. So, the given statement is incorrect.
- Statement 3: A new feature i.e. mining tenement systems is introduced in NMP, 2019, in order to attract private investment through incentives. So, the given statement is correct.
- Statement 4: NMP, 2019, also introduces the concept of Inter-Generational Equity, allowing to deal with the need of present as well as future generations. So, the given statement is correct.
Source: CSC May 2019
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