Page 20 - Insurance Times September 2021
P. 20
Following data shows the Mineral deposits in India:
Figure 2 - Source: Drishtiias
Figure 3 - Source: Drishtiias
How is the industry regulated? There are two types of minerals - Major and Minor. State
The mining industry in India is regulated by both the Centre governments have the exclusive powers to frame the policy
and the State. As per the constitution, the States have the and regulate its exploration, extraction and processing of
power to regulate the minerals and mines which are subject all the minor minerals (building stones, sand and clay). The
to Central laws and regulations. minerals which are not covered in the Minor minerals are
20 The Insurance Times, September 2021
