Q36.
Consider the following statements: I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals. Which of the statements given above are correct?
Answer
C
Explanation
has become 14th member of the Mineral Security (MSP) in June 2023. The other member are United States, Australia, Canada, Finland, Germany, Italy, Japan, Norway, the Republic of Sweden, the United Kingdom and the European MSP seeks to bolster critical minerals chains to support economic prosperity and objectives. Hence, statement 1 is correct. Ministry of Mines identified a list of 30 critical in November 2022. However, India has not yet domestic reserves for all 30 and remains on imports for many such as lithium, cobalt, and vanadium. Hence, statement 2 is not MMDR Amendment Act, 2023 has empowered the Government to exclusively auction Mining (ML) and Composite Licences (CL)(prospecting lease) in respect of any ‘critical and mineral’ specified in Part D of the First of the MMDR Act. Hence, statement 3 is