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Parliament Passes Bill To Provide Fixed 50-Year Production Lease For Offshore Minerals

Parliament Passes Bill To Provide Fixed 50-Year Production Lease For Offshore Minerals

NDTV
Thursday, August 03, 2023 01:43:02 PM UTC

The bill to amend the Offshore Areas Mineral (Development and Regulation) Act, 2002 was passed by Lok Sabha on Tuesday.

A bill to provide a fixed 50-year production lease for offshore minerals was passed by Rajya Sabha today amid a walkout by the opposition members over the situation in ethnic violence-hit Manipur.

When the Upper House reassembled for the post-lunch session, Coal and Mines Minister Pralhad Joshi moved The Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023 for consideration even as the opposition parties insisted on a discussion on the Manipur situation.

The bill to amend the Offshore Areas Mineral (Development and Regulation) Act, 2002 was passed by Lok Sabha on Tuesday.

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