The correct answer is: d) All of the above
The National Mineral Policy (NMP) is a policy document of the Government of India that outlines the country’s vision for the mineral sector. The NMP was first published in 1993 and has been revised twice since then, most recently in 2019.
The NMP aims to promote sustainable mining, attract investment in the sector, and ensure equitable distribution of benefits. To achieve these goals, the NMP outlines a number of policies and initiatives, including:
- Promoting the development of new technologies and practices for sustainable mining.
- Encouraging investment in exploration and mining.
- Developing a transparent and competitive bidding process for mineral concessions.
- Promoting the development of mineral-based industries.
- Ensuring that the benefits of mineral development are shared equitably among all stakeholders.
The NMP is a comprehensive and ambitious policy document that aims to transform the Indian mineral sector. The NMP has the potential to make a significant contribution to the Indian economy and to the development of the country’s mineral resources.
Here is a brief explanation of each option:
- Promote sustainable mining. Sustainable mining is the extraction of minerals in a way that minimizes environmental and social impacts. The NMP aims to promote sustainable mining by encouraging the development of new technologies and practices, and by ensuring that mining operations are conducted in accordance with environmental and social regulations.
- Attract investment in the sector. The NMP aims to attract investment in the mineral sector by providing a stable and predictable regulatory environment, and by offering attractive fiscal incentives.
- Ensure equitable distribution of benefits. The NMP aims to ensure that the benefits of mineral development are shared equitably among all stakeholders, including the government, local communities, and businesses. The NMP does this by promoting the development of mineral-based industries, and by ensuring that mining operations are conducted in a way that benefits local communities.