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New land policy for ports
The Union Government is likely to formulate a new policy to unlock the value of huge tracts of land lying unutilised at 13 state-owned ports in the country. The government is in the process of finalising a new land policy for major ports that will allow them to allot spare land to entities for carrying out economic activity on current market rates.
Mining Regulatory Authority planned
The Union Government is likely to set up a National Mining Regulatory Authority (NMRA) under the new mining legislation. The draft of the Mines and Minerals (Development and Regulation) Bill, 2010, has sought to give wide powers to the NMRA, from investigating illegal mining cases to settling disputes of jurisdiction between the Centre and the states. The NMRA shall have powers to authorise investigation and launch prosecution against any person for offences under the Act, relating to mining for any mineral without license, undertaking of mining or exploration activity outside the area granted under licence, storage or export of illegally raised minerals without lawful authority.
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