Which industry is connected to the 'MMDR Act,' which was mentioned in the news?
Mines and Minerals
2023 October
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4.25/5 |
The Mines and Minerals (Development and Regulation) Act, 1957 (commonly referred to as the "MMDR Act") Second Schedule amendment received approval from the Union Cabinet. Lithium, Niobium, and Rare Earth Elements (REEs) are three strategic and important minerals that will have their royalty rates determined by this amendment.
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