Govt. to amend ‘deal-breaker’ mining law in Budget session

The govt is planning to amend a law which is holding up mergers and acquisitions in the distressed commodities and mining sector.

  1. The current law is holding up mergers and acquisitions worth thousands of crore.
  2. The deals are stuck in a no-go zone due to the Mines and Minerals (Development and Regulation) Act of 2015.
  3. The act doesn’t allow transfer of captive mines allotted to end-user plants in the past.
  4. Govt. will amend this act because there is no alternative method to allow such acquisitions of captive mineral assets in the present law.
Coal and Mining Sector
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