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Independent regulator likely for mining sector

Monday, 22 Mar 2010
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The Union Government is mulling to set up an independent regulator for the mining sector to deal with issues such as irregularities and delay in clearances.

The proposed Mines and Minerals Development and Regulation (MMDR) Bill, 2010 envisages setting up a technical regulator. Once the MMDR Bill gets cabinet approval, it is likely to be introduced in the current Parliament session.

The proposed technical regulator is expected to be like a tribunal outside the Union Ministry of Mining and it will be composed of independent people. The Indian Bureau of Mines is the current technical regulator for the sector. Even the Ministry's orders will be subject to the tribunal that will also act as a quasi-judicial body.

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