BHUBANESWAR: Niti Aayog vice-chairman Rajiv Kumar has said that any policy change without deciding on pending mining applications will have an adverse impact on investors’ confidence.
As part of major reforms announced recently, the Centre is reported to be considering deletion of a provision in the Mines and Minerals (Development and Regulation) Act, 2015 that guarantees a successful explorer the right to move ahead –from a reconnaissance permit to a prospecting licence, or from a prospecting licence to a mining lease.
As ET had earlier reported, the mines ministry believes such a move could free up nearly 500 mineral areas that could then be auctioned.
