India gets tactical advantage in the Doklam
Ahead of the India-China informal summit later this month, India has opened up an alternate road which will make it easy for the Indian forces to move faster than before in the Doklam area.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21629-india-gets-tactical-advantage-in-the-doklam.html
#India #Doklam #LAC #BRO #JNU #LAC #BRDB
Mizoram rejects Forest Act amendment
The Mizoram government has rejected the Centre’s proposal to amend the “anti-indigenous people” Indian Forest Act, 1927, as its provisions are in conflict with the special provisions the State enjoys under Article 371G of the Constitution.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21628-mizoram-rejects-forest-act-amendment.html
#Mizoram #ForestAct #amendment #Article371G #MNF #JFMC
Army inducts 'tank killers’
Indian infantry soldiers now finally have a new weapon to destroy advancing enemy tanks on the western front with Pakistan.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21627-army-inducts-tank-killers.html
#Army #tankkillers #ATGMs #Pakistan #DRDO #PSU
India's first corporatised train
Chief minister Aditya Nath Yogi flagged off the first corporatised train of Indian Railways, Tejas express, from Lucknow Junction station's cabway, on 4 October 2019, to New Delhi.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21626-india-s-first-corporatised-train.html
#India #corporatised #train #AdityaNathYogi #IndianRailways #IRCTC
Old giant continents near Earth’s mantle
The underground rocky continents which are deep inside the Earth might have formed from an ancient magma ocean which got solidified during the starting of the formation of the Earth approximately 4.5 billion years ago, according to a new study.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21625-old-giant-continents-near-earth-s-mantle.html
#Earth #Oldgiant #mantle #AGU #Moon
Ahead of the India-China informal summit later this month, India has opened up an alternate road which will make it easy for the Indian forces to move faster than before in the Doklam area.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21629-india-gets-tactical-advantage-in-the-doklam.html
#India #Doklam #LAC #BRO #JNU #LAC #BRDB
Mizoram rejects Forest Act amendment
The Mizoram government has rejected the Centre’s proposal to amend the “anti-indigenous people” Indian Forest Act, 1927, as its provisions are in conflict with the special provisions the State enjoys under Article 371G of the Constitution.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21628-mizoram-rejects-forest-act-amendment.html
#Mizoram #ForestAct #amendment #Article371G #MNF #JFMC
Army inducts 'tank killers’
Indian infantry soldiers now finally have a new weapon to destroy advancing enemy tanks on the western front with Pakistan.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21627-army-inducts-tank-killers.html
#Army #tankkillers #ATGMs #Pakistan #DRDO #PSU
India's first corporatised train
Chief minister Aditya Nath Yogi flagged off the first corporatised train of Indian Railways, Tejas express, from Lucknow Junction station's cabway, on 4 October 2019, to New Delhi.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21626-india-s-first-corporatised-train.html
#India #corporatised #train #AdityaNathYogi #IndianRailways #IRCTC
Old giant continents near Earth’s mantle
The underground rocky continents which are deep inside the Earth might have formed from an ancient magma ocean which got solidified during the starting of the formation of the Earth approximately 4.5 billion years ago, according to a new study.
Read Here: https://www.ksgindia.com/study-material/news-for-aspirants/21625-old-giant-continents-near-earth-s-mantle.html
#Earth #Oldgiant #mantle #AGU #Moon
Ksgindia
India gets tactical advantage in the Doklam - KSG India | Khan Study Group
KSG India - Khan Study Group - India's Best IAS Coaching Center for General Studies and CSAT in Delhi, Jaipur, Bhopal, Indore, Patna and Bengaluru.
Today's Headlines - 07 August 2023
Offshore mining and mineral auctions
GS Paper - 2 (Polity)
In a significant step toward exploiting India's offshore resources, the Council of States passed the Offshore Areas Mineral (Development and Regulation) Amendment Bill (OAMDR), 2023. The Bill represents a transformative change for the offshore mining sector, which has remained largely inactive since the enactment of the OAMDR Act in 2002.
More about the Bill
It aims to increase transparency in the allocation of minerals found in the country's offshore basins, permitting the granting of production leases exclusively through auctions and reserving some allocations for government entities and public sector units (PSUs).
The passage of the Bill marks a historic milestone, unlocking India's vast mineral-rich offshore areas.
This move promises strategic benefits, strengthening the nation's territorial waters, which have been frequently threatened by neighboring countries.
The extraction of minerals from these areas is expected to bolster India's strategic position further.
Auctions as primary means
The Bill stipulates a fixed 50-year production lease for offshore minerals. Under this new legislation, the government plans to introduce auctions as the primary means to award production leases for offshore minerals.
The amendment enables the granting of production leases to the private sector solely through competitive bidding auctions.
Under the composite licensing system, explorers will also have the right to develop and mine minerals under a single license.
The Bill introduces a four-year timeline for the start of production and dispatch following the execution of a composite license or production lease.
It also establishes a two-year timeline (extendable by one year) for the resumption of production and dispatch after a discontinuation.
#upsc #news #headline #offshore #mineral #polity #resources #development #regulation #OAMDR #bill #PSU #india #strategic #water #nations #territorial #award #production #lease #legislation #singlelicense #compositelicensing #historic #milestone #amendment
Offshore mining and mineral auctions
GS Paper - 2 (Polity)
In a significant step toward exploiting India's offshore resources, the Council of States passed the Offshore Areas Mineral (Development and Regulation) Amendment Bill (OAMDR), 2023. The Bill represents a transformative change for the offshore mining sector, which has remained largely inactive since the enactment of the OAMDR Act in 2002.
More about the Bill
It aims to increase transparency in the allocation of minerals found in the country's offshore basins, permitting the granting of production leases exclusively through auctions and reserving some allocations for government entities and public sector units (PSUs).
The passage of the Bill marks a historic milestone, unlocking India's vast mineral-rich offshore areas.
This move promises strategic benefits, strengthening the nation's territorial waters, which have been frequently threatened by neighboring countries.
The extraction of minerals from these areas is expected to bolster India's strategic position further.
Auctions as primary means
The Bill stipulates a fixed 50-year production lease for offshore minerals. Under this new legislation, the government plans to introduce auctions as the primary means to award production leases for offshore minerals.
The amendment enables the granting of production leases to the private sector solely through competitive bidding auctions.
Under the composite licensing system, explorers will also have the right to develop and mine minerals under a single license.
The Bill introduces a four-year timeline for the start of production and dispatch following the execution of a composite license or production lease.
It also establishes a two-year timeline (extendable by one year) for the resumption of production and dispatch after a discontinuation.
#upsc #news #headline #offshore #mineral #polity #resources #development #regulation #OAMDR #bill #PSU #india #strategic #water #nations #territorial #award #production #lease #legislation #singlelicense #compositelicensing #historic #milestone #amendment