60] Sink - MMDR
 Intermediate - Wu and Abouzeid Intermediate -  nodes Lecuire at al.
Act 1957 provides the legislative framework which governs the mining sector in the country.
Reforms in the mining sector have been initiated through the amendment to MMDR
Act, 1957 through the MMDR
Amendment Ordinance, 2015 that was replaced by the MMDR
Amendment Act, 2015, notified on 27th March, 2015 and which came into effect from 12th January, 2015.
Amendment Act, 2015 has prescribed auction by competitive bidding as the method for grant of mineral concessions for major minerals.
A negative for the proposed MMDR
bill will be the additional taxes to be levied for community development.
Amendment Act has introduced revolutionary changes which have led to end of the era of corruption, nepotism and favouritism.
Speaking at the occasion Tomar said, " The MMDR
Act was amended in January 2015 to harness the immense mining potential of mineral rich states like Jharkhand.
Should the legislation pass, it would be included in the current Mines and Minerals (Scientific Development and Regulation) or MMDR
Amendment Act, 2015 has brought in transparency in allocation of mineral concessions in terms of Prospecting License and Mining Lease.
Granite is listed as " Minor Minerals" and comes under the ambit of the Karnataka government and its extraction and sales are governed by the Mines & Minerals ( Development & Regulation) -- MMDR
Act, 1957 and Karnataka Minor Minerals Concession Rules, 1994.
The new draft MMDR
Act would have financial implications in the creation of an independent National Mining Tribunal and National Mining Regulatory Authority at the Central Level, and the expenditure involved in the capacity building of the Indian Bureau of Mines.
The States must make efforts to ensure that mining leases granted before MMDR
Amendment, get Forest and Environment clearances by January 2017 deadline to prevent lapsing of leases, Shri Tomar said.