SC remarks on coal allocation could end privilege of PSUs
As for non-coal minerals (such as iron on ore, bauxite, limestone, base metals like lead, noble metals like gold and the rare earth elements), the Centre’s thinking as reflected in the MMDR Bill with the parliamentary standing committee is that auction is the right way for allocation of fully prospected deposits, but extending auctions to other cases indiscriminately might disincentivise exploration. It is reckoned that once bidding is introduced in the case of surficial deposits of these minerals, the Centre’s concurrence would also become redundant and states’ powers will be buttressed, though with lesser scope for discretion. “The MMDR Bill is a move towards decentralisation of power in cases of minerals,”
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