A GoM has been constituted in June for considering the draft Mines and Minerals Bill, 2010, Mines Minister B K Handique said during Question Hour.
He said the bill would ensure that issues relating to ecological balance are kept in mind while carrying out mining activities, mainly in tribal areas.
"Justice would be done to tribal population, though the matter is still with the GoM. Tribals would be given share from mining profits. We have earmarked 26 per cent share from mining profits for them," the minister said.
He said the draft bill has been prepared on the basis of policy directions in the National Mineral Policy, 2008, and Hoda Committee recommendations after consultations with the stakeholders.
Major issues laid down in the policy include making the regulatory mechanism more conducive to technology and investment flows, ensuring transparency in the concession process, and strengthening the role of Geological Survey of India and Indian Bureau of Mines.
