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Date: 14-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Notification under second proviso to sub section (1) of section 4 of the MMDR Act, 1957

Issued by Ministry of Mines · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification comes into effect on the date of its publication in the Official Gazette i.e. March 14, 2024.
  • The notification pertains to the Mines and Minerals (Development and Regulation) Act, 1957.
  • It mandates MECON Limited, a Central Public Sector Enterprise (CPSE) under the Ministry of Steel, to share data from its prospecting operations with the relevant State Governments.

Key Changes

  • MECON Limited is now required to provide data generated from its prospecting operations to the respective State Governments.
  • This requirement is enforced under the authority of Section 4, sub-section (1) of the Mines and Minerals (Development and Regulation) Act, 1957.
  • The notification is issued by the Ministry of Mines.

Impact Analysis

Impact on MECON Limited

  • MECON Limited should ensure compliance with data privacy and confidentiality regulations while sharing data.

Impact on State Governments

  • State Governments will need to develop systems for receiving, storing, and analyzing the data provided by MECON Limited.

Impact on Ministry of Steel

  • The ministry needs to be aware of the data being shared and its potential implications.

Suggested Action Items

  • The Ministry of Mines should monitor the implementation of this notification and address any challenges that arise.

Key Entities Referenced

MECON Limited: A Central Public Sector Enterprise under the control of the Ministry of Steel. Ministry of Mines: The issuing authority for the notification. Ministry of Steel: The administrative ministry for MECON Limited. Mines and Minerals (Development and Regulation) Act, 1957: The primary legislation under which the notification is issued. State Governments: The recipients of the data generated by MECON Limited's prospecting operations.
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