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Govt clears proposal to amend MMDR Act
short by Shankar Venkatraman / on Friday, 11 March, 2016
The government on Thursday cleared a proposal to amend the Mines and Minerals Act (MMDR Act) to include the provisions of allowing transfer of captive mines granted through procedures other than auction. The step will help in checking the stressed assets of banks by allowing them to liquidate the same where a firm or its captive mining lease is mortgaged.
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