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English Release 23-September 2014
Date Month Year
  • President's Secretariat
  • President congratulates medal winners in Asian Games 2014
  • President of India’s message on the eve of Republic Day of Trinidad and Tobago
  • President congratulates medal winners in Asian games 2014
  • Vice President's Secretariat
  • LET’S EMPOWER WOMEN THROUGH EDUCATION : VICE PRESIDENT
  • Prime Minister's Office
  • PM to hold first Radio Programme on October 3
  • PM greets the people of Saudi Arabia on their National Day
  • PM greets the nation on Mahalaya
  • J&K CM calls on PM
  • Min of Agriculture
  • Shri Radha Mohan Singh Urges Canada to Invest in Indian Agro Infrastructure
  • Min of Civil Aviation
  • AAI Signs MoU with US Agency
  • AAI Markets Indian Airports at World Route Forum
  • Min of Culture
  • SAARC Culture Ministers’ Meet to Chart out 2014-17 Action Plan
  • Min of Environment and Forests
  • Text of the Intervention made by Minister for Environment, Forests and Climate Change Shri Prakash Javadekar during Major Economies Forum meeting at New York on 22nd September, 2014
  • Min of Health and Family Welfare
  • J&K health infrastructure needs urgent revival
  • Min of Home Affairs
  • Clarification
  • Min of Human Resource Development
  • National Convention on Inclusive Education of Children with Special Needs Held
  • Min of Mines
  • Mineral Production during July 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 95.43 per bbl on 22.09.2014
  • Ministry of Railways
  • Railways Lifts both Men & Women Championships at Senior National Powerlifting Championship held at Goa
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Asian Games 2014
  • Min of Textiles
  • Santosh Kumar Gangwar to Chair Annual Conference of State Textiles Ministers Tomorrow
  • Min of Urban Development
  • Ideas, Innovation, Investments and Implementation key to ‘Reinventing the India Story’ says Shri M.Venkaiah Naidu
  • Planning Commission
  • Aadhaar has enrolled one –fourth of UP’s residents, Crosses 5 Crore mark

Previous Date

 
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.

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