Mines and Minerals (Development and Regulation) Amendment Act, 2023
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Amended the MMDR Act to allow private sector participation in exploration of critical and strategic minerals including lithium, cobalt, and rare earth elements. Introduced auction of exploration licences for deep-seated minerals.
Key Facts
Type Legislation
Source Historical Record
Published Friday, 11 August 2023
Affected Population 1.4 billion consumers, 300 million without reliable power
Key Numbers
500 GW non-fossil fuel capacity target by 2030
Saubhagya: 100% household electrification
175 GW renewable energy installed (2025)
R&D spending: 0.7% of GDP
Key Authorities
Key Stakeholders
Government Context
NDA II BJP-led NDA
Left Centre Right