Centre allocates Uttarakhand ₹200 crore incentive for mining reforms
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims·
Why in news
The Ministry of Finance approved a ₹200 crore incentive for Uttarakhand for implementing mining reforms like e-auctions and satellite monitoring to curb illegal mining.
Background
The Centre allocated ₹200 crore to Uttarakhand under the SASCI scheme. The reforms focus on minor minerals and improving the State Mining Readiness Index through e-auction systems and satellite-based monitoring.
Facts for Prelims
- FactThe Centre allocated ₹200 crore to Uttarakhand for mining reforms.
- SchemeSASCI scheme: The scheme under which the special assistance was approved by the Ministry of Finance.
- FactState Mining Readiness Index: The metric used to assess the state's mining reform progress.
- FactSatellite-based monitoring and e-auction systems: Specific technological reforms implemented by Uttarakhand to curb illegal mining.
For Mains
Q. Discuss how technological interventions and fiscal incentives can enhance the transparency and revenue generation of the mining sector in India.
Dimensions to cover in your answer
- Revenue leakage: Curbing illegal mining through satellite-based real-time monitoring and digital auctioning
- Fiscal federalism: Use of central incentives to drive state-level regulatory reforms and infrastructure
- Regulatory transparency: Transitioning from manual oversight to e-auction systems to minimize discretionary interference
Keywords: Fiscal Incentive · Regulatory Reform · Revenue Leakage · Digital Governance · Resource Management
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