Chhattisgarh is among seven states where mineral blocks have been auctioned resulting in total additional revenue of Rs47,551 crore to the Central government as on November 2016.
The other states where the mineral blocks were auctioned were Andhra Pradesh, Madhya Pradesh, Rajasthan, Odisha and Jharkhand, the Central Government has informed.
Notably, Chhattisgarh has collected Rs712.04 crores under ‘District Mineral Foundations’ (DMFs) from all the 27 districts of the State where the Foundation had been established, the Central government has informed.
Notably, the Mines and Mineral (Development and Regulation) Act, 1957 (MMDR Act, 1957) was amended through the MMDR Amendment Act, 2015. One of the amendment provisions relates to introduction of section 9B which provides for the establishment of District Mineral Foundation (DMF) in any district affected by mining related operations. Read More