{"id":13639,"date":"2023-08-02T05:28:12","date_gmt":"2023-08-01T23:58:12","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=13639"},"modified":"2025-04-02T06:01:28","modified_gmt":"2025-04-02T00:31:28","slug":"offshore-areas-minerals-development-and-regulation-amendment-bill-2023","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/offshore-areas-minerals-development-and-regulation-amendment-bill-2023\/","title":{"rendered":"Offshore Areas Minerals (Development and Regulation) Amendment Bill, 2023"},"content":{"rendered":"<h2><strong>About Offshore Areas Minerals (Development and Regulation) Amendment Bill, 2023:<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>The Bill <strong>amends the Offshore Areas Mineral (Development and Regulation) Act, 2002.<\/strong><\/li>\n<li>The new bill <strong>regulates mining in maritime zones of India<\/strong>.\u00a0<\/li>\n<li><strong>Highlights of the Bill:<\/strong>\n<ul>\n<li>It <strong>allows the government to reserve offshore areas<\/strong> that are not held under any operating rights.\u00a0<\/li>\n<li>The Bill also allows the administering authority to <strong>grant a composite licence or production lease to the government or a government company.<\/strong><\/li>\n<li>It proposes to remove the provision for renewal of production lease and <strong>provide a fixed period of fifty years for production lease<\/strong> similar to the provisions of the Mines and Minerals (Development and Regulation) Act 1957.<\/li>\n<li>It also seeks to <strong>provide for the grant of production lease to the private sector only through auction by competitive bidding.<\/strong><\/li>\n<li>It also <strong>provides for grant of operating rights without competitive bidding to a government <\/strong>or a government company, <strong>or a corporation in the mineral-bearing areas reserved by the central government.<\/strong><\/li>\n<li>In the case of <strong>atomic minerals<\/strong>, the grant of exploration licence or <strong>production lease shall be made only to a government <\/strong>or a government or corporation.<\/li>\n<li>It <strong>aims to introduce a four-year timeline for commencement of production and dispatch<\/strong> <strong>after the execution of composite licence<\/strong> or production lease under and timeline of two years (extendable by one year) for re-commencement of production and dispatch after discontinuation.<\/li>\n<li><strong>It will enable the central government to frame rules for the conservation and systematic development of minerals in offshore areas<\/strong> and for the protection of the environment by preventing or controlling any pollution which may be caused by exploration or production operations.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is a Mineral?<\/h3>\n<p>A mineral is a naturally occurring homogeneous solid with a definite chemical composition and a highly ordered atomic arrangement. It is usually formed by inorganic processes. There are several thousand known mineral species, about 100 of which constitute the major mineral components of rocks; these are the so-called rock-forming minerals. Examples of minerals include quartz, feldspar minerals, calcite, sulfur and the clay minerals such as kaolinite and smectite.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/india\/lok-sabha-passes-bill-to-provide-fixed-50-year-production-lease-for-offshore-minerals-8871608\/#:~:text=The%20Lok%20Sabha%20on%20Tuesday,Opposition%20members%20over%20Manipur%20issue.\" target=\"_blank\" rel=\"nofollow noopener\"><u>Lok Sabha passes Bill to provide fixed 50-year production lease for offshore minerals<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Offshore Areas Minerals (Development and Regulation) Amendment Bill regulates mining in maritime zones of India.<\/p>\n","protected":false},"author":5,"featured_media":13640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-13639","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/13639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=13639"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/13639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/13640"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=13639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=13639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=13639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}