Rajya Sabha approves Bill to provide fixed 50-year production lease for offshore minerals
03 Aug 2023
The Offshore Areas Minerals (Development and Regulation) Amendment Bill, 2023, which establishes a fixed 50-year production lease for offshore minerals, was approved by the Rajya Sabha on Thursday. The Offshore Areas Mineral (Development and Regulation) Act, 2002, is being modified by the bill, which was passed by voice vote with...
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