https://www.taxtmi.com/news?id=37226 India launched an auction-based regime to grant exclusive Exploration Licences for designated critical mineral blocks, implementing an amendment to the MMDR Act to create a formal legal pathway for private-sector exploration. The framework confers exclusive exploration rights to private companies for defined areas, pairs commercial incentives with state-shared exploration risk where no discovery occurs, and emphasizes transparency, efficiency and technology-driven targeting supported by promotional measures including roadshows and an AI mineral-targeting hackathon. en-us Thu, 13 Mar 2025 15:46:03 +0530 Thu, 13 Mar 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37226 India launched an auction-based regime to grant exclusive Exploration Licences for designated critical mineral blocks, implementing an amendment to the MMDR Act to create a formal legal pathway for private-sector exploration. The framework confers exclusive exploration rights to private companies for defined areas, pairs commercial incentives with state-shared exploration risk where no discovery occurs, and emphasizes transparency, efficiency and technology-driven targeting supported by promotional measures including roadshows and an AI mineral-targeting hackathon. News - Thu, 13 Mar 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=37226