Policy  Brief Perspectives on a Water Resource Policy for India - TERI Perspectives on a Water Resource Policy for India - TERI
This is a series of policy briefs by TERI based on its research work in specific areas. These briefs are being made available to members of parliament, policy-makers, regulators, sectoral experts, civil society and the media. The purpose is to focus on key issues and list our policy recommendations to encourage wider discussion and debate. Your comments and suggestions will be of immense value.

June 2012

Governance of mining in India: responding to policy deficits

The reform in the minerals sector has been in response to both global and national pressures. Internationally,
there was a need for India to make credible commitments to the world that it would do things differently in terms
of approval, transparency, greater efficiency, more incentives to attract investment in exploration, and development activity. Nationally, there was need for greater exploration information; improved allocation processes; increased resource revenues from mineral rich states; and greater compensation for externalities
created by mining.
Over the last few years new initiatives have been put in place. The National Mineral Policy (NMP) and the Minerals and Metals Development and Regulation (MMDR) Bill have sought to address
many of the industry and community concerns and also the issue of graft by making the process of allocation and clearances more transparent and less discretionary. The Policy and the Bill have many pro-people clauses that relate to benefit sharing, minimizing the ecological footprint, improved participation in decision-making and
grievance redressal mechanisms.

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