INDIAN GEOGRAPHY

MINERAL AND ENERGY RESOURCES IN INDIA

MINERALS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who owns a third of the minerals in india?
A
Andrew shava
B
Your mum
C
The ppl of India
D
Federal government
Explanation: 

Detailed explanation-1: -In the federal structure of India, the State Governments are the owner of minerals located within the boundaries of the State concerned.

Detailed explanation-2: -The central government regulates mining and mineral development and the state government grants concessions and collects royalty and other fees when the mineral is located in land vested in the state.

Detailed explanation-3: -Ownership of Mineral Resources Mineral resources are owned by the State and the exploration, development, utilization, and processing thereof shall be under its full control and supervision. The State may directly undertake such activities or it may enter into mineral agreements with contractors.

Detailed explanation-4: -The State Governments, as owners of minerals, grant mineral concessions and collect royalty, dead rent and fees as per the provisions of MMDR Act 1957.

There is 1 question to complete.