English Release 31-January 2015
- President's Secretariat
- President of India Congratulates DRDO on the Successful Test-Firing of Agni-V
- President’s Message on the Occasion of 38th Anniversary of Indian Coast Guard
- Prime Minister's Office
- PM reviews PaHaL Scheme for Direct Benefit Transfer for LPG Subsidy
- PM salutes our scientists, on the successful test-firing of Agni V missile
- PM gives best wishes to all athletes participating in the 35th National Games
- Min of Comm. & Information Technology
- Commemorative Postage Stamp on Swachh Bharat Released
- Min of Culture
Dr Mahesh Sharma lays foundation stone of campus buildings of National Museum Institute and Indian Culinary Institute
- Min of Information & Broadcasting
- Siri Fort Auditorium amongst the top 50 auditoriums for cinema viewing in India- Col Rajyavardhan Rathore
- Min of Personnel, Public Grievances & Pensions
- ACC Appointments
- 18th National Conference on e-Governance concludes in Gandhinagar
- ACC Appointments
- Ministry of Tourism
- Dr Mahesh Sharma lays foundation stone of campus buildings of National Museum Institute and Indian Culinary Institute
- Min of Tribal Affairs
- Tribal Afairs Ministers Felicitates Tribal Guests and the Tableaux Artistes & Supporting Staff, who had Participated in this Year’s Republic Day Parade
- Min of Urban Development
- Speech made by the Hon’ble Union Minister for Urban Development at the Inauguration of 35th National Games in Kerala on 31st January, 2015
- States show the way forward on building smart cities
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)