DISTRICT MINERAL FOUNDATION Subject: Government Schemes Context: The Centre has inserted a new clause into the Mines and Minerals (Development and Regulation) Amendment Bill, 2021, to take control of the district mineral funds from the state governments. Concept: DMFs: DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act […]

Subject : Economy Context : Dhanbad Deputy Commissioner has ordered an audit and an impact assessment of utilisation of funds from the District Mineral Foundation Trust (DMFT) for the financial years 2017-2020. Concept : DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act 2015. They are non-profit trusts to work […]

Subject: Economy Context : According to data shared by the Ministry of Mines, country-wide DMF collections last month stood at ₹718.46 crore, up from ₹417.29 crore in May, when the country was in the throes of the Covid-19 lockdown. Concept: DMFs: DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act […]