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4h ago

Parliament Clears Mines and Minerals Bill Overhauling Exploration Trust for Critical Minerals

Supporters say the reform strengthens supply security for critical minerals to advance economic self‑reliance.

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Overview

  • The Rajya Sabha approved the measure by voice vote after INDIA bloc members walked out demanding a debate on Bihar’s electoral rolls revision.
  • The Lok Sabha had passed the bill on August 12, setting up Tuesday’s final parliamentary nod.
  • The bill renames the National Mineral Exploration Trust as the National Mineral Exploration and Development Trust and allows its funds to support exploration and development in India, offshore areas, and overseas.
  • Coal and Mines Minister G Kishan Reddy said the changes will build a “strong supply chain” for critical and strategic minerals and reduce import dependence.
  • Opponents warned of encroachment on state powers over land, called for greater revenue shares for mineral‑rich states, and flagged gaps on environmental safeguards in districts such as Kyonjhar and Mayurbhanj.