India plans first-ever auction for diamond mine

  1. Context: Diamond joins the list of other minerals where India started auctioning mines – coal, iron ore, gold and bauxite
  2. Auctioning has been deemed as a transparent manner of allocating resources
  3. Where: MP will soon float tenders for the auction of the Hatupur diamond block
  4. Trivia: Vedanta Ltd won India’s first-ever auction of a gold mine, earlier this year
  1. Context: Diamond joins the list of other minerals where India started auctioning mines – coal, iron ore, gold and bauxite
  2. Auctioning has been deemed as a transparent manner of allocating resources
  3. Where: MP will soon float tenders for the auction of the Hatupur diamond block
  4. Trivia: Vedanta Ltd won India’s first-ever auction of a gold mine, earlier this year
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