CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state became the first state in the country to e-auction minor mineral mines.
A
Jharkhand
B
Punjab
C
Odisha
D
Chhattisgarh
Explanation: 

Detailed explanation-1: -Andhra Pradesh: Stage set for e-auction of precious mineral quarries. The state government wanted to auction at least 240 licenses through e-auction in the first phase and invited bids in June.

Detailed explanation-2: -Minor minerals are those, which are declared by the Central Government under Section I (a) of the Mines & Minerals (Regulation & Development) Act, 1957. They are further revised and notified from time to time in the Gazette of India.

Detailed explanation-3: -Khullar holds that mining in India depends on over 3, 100 mines, out of which over 550 are fuel mines, over 560 are mines for metals, and over 1970 are mines for extraction of nonmetals.

Detailed explanation-4: -India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts. India has vast mineral potential with mining leases granted for the longer and stable tenure of 50 years.

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