English Release 25-October 2014
- President's Secretariat
- Speech by the President of India
Shri Pranab Mukherjee on the Occasion of Release of a Commemorative Postage Stamp on
- President of India Releases a Commemorative Postage Stamp on Anagarika Dharmapala
- Prime Minister's Office
- PM rededicates Sir H.N. Reliance Foundation Hospital and Research Centre in Mumbai
- PM greets the Nation on auspicious occasion of Bhai Dooj
- Election Commission
- Press Note
- Schedule for bye-election to fill casual vacancies in the Legislative Assembly of NCT of Delhi – Regarding.
- Schedule for General Elections to the Legislative Assemblies of Jharkhand and Jammu & Kashmir.
- Min of Comm. & Information Technology
- Minister for Communications & IT and Law & Justice, Shri Ravi Shankar Prasad Spoke at the Release Function of a Postage Stamp Commemorating Srimath Anagarika Dharmapala, the Great Buddhist Thinker and Visionary from Sri Lanka
- Ministry of Finance
- President of India
to Inaugurate Three Day Accountants’ General Conference on Monday
- Min of Home Affairs
- Observance of the Rashtriya Ekta Diwas on 31st October
- Min of Personnel, Public Grievances & Pensions
- Dr. Jitendra Singh says Indian bureaucrats need constant re-orientation as they face new challenges every day
Ministry of Mines 14-December, 2012 16:25 IST
|Implementation of Objectives of EITI |
|Extractive Industries Transparency Initiative [EITI] is a globally developed standard for extraction of natural resources to promote revenue transparency at the local level. India is not a signatory to the EITI. However we have an elaborate legal and constitutional framework to manage mineral sector as indicated below: |
(i) The mineral sector is guided in terms of a Government approved National Mineral Policy, 2008.
(ii) The mining operations are regulated in terms of a Mines and Minerals (Development and Regulation) [MMDR] Act 1957 framed by the Parliament.
(iii) The State Governments, as owners of minerals, grant mineral concessions and collect royalty, dead rent and fees as per the provisions of MMDR Act 1957.
(iv) The royalty and dead rent revenues collected by the State Government accrue to the Consolidated Fund of State Government concerned and are then appropriated for public spending through a budgetary process which has to be approved by the Legislative House of the State Government concerned.
This information was given by the Minister of Mines, Shri Dinsha Patel in a written reply to a question in Lok Sabha today.
(Release ID :90707)