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Discuss India's mineral development policy. (200 Words) [UPPSC 2023]
India's mineral development policy aims to ensure the sustainable and efficient use of the country’s mineral resources, promoting economic growth while safeguarding environmental and social interests. The policy emphasizes several key aspects: 1. **Resource Exploration**: The government encourages eRead more
India’s mineral development policy aims to ensure the sustainable and efficient use of the country’s mineral resources, promoting economic growth while safeguarding environmental and social interests. The policy emphasizes several key aspects:
1. **Resource Exploration**: The government encourages exploration and assessment of mineral resources through initiatives like the National Mineral Exploration Policy (NMEP), which promotes private investment in mineral exploration to enhance resource availability.
2. **Sustainable Development**: The policy prioritizes sustainable mining practices that minimize environmental impact. It includes provisions for environmental clearances and rehabilitation of mining sites, ensuring that mining activities do not adversely affect local ecosystems and communities.
3. **Local Benefits**: The policy advocates for the participation of local communities in mining activities, aiming to provide employment opportunities and enhance livelihoods. It also includes provisions for corporate social responsibility (CSR) initiatives by mining companies.
4. **Regulatory Framework**: Strengthening the regulatory framework through laws like the Mines and Minerals (Development and Regulation) Act aims to streamline mineral rights, enhance transparency, and reduce bureaucratic hurdles.
5. **Value Addition**: The policy encourages value addition and processing of minerals to promote industrial growth and reduce dependence on imports.
Overall, India’s mineral development policy strives to balance economic growth with social and environmental responsibility, supporting sustainable development in the mineral sector.
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