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असत्यापित
unverifiable

CLAIM ID

b8d595e4

The central government has extended the lease extension of 358 cast iron mines across the country, which caused financial loss to the public exchequer.

A petition against the extension was filed in the Supreme Court in 2019, and investigations are ongoing currently, with a pending final judgment.

A petition against the extension was filed in the Supreme Court in 2019, and investigations are ongoing currently, with a pending final judgment.The Government passed the Mines and Minerals (Development and Regulation), Amendment Bill, in March 2015. The bill specifies that any lease granted before the commencement of the bill should be extended up to 31 March 2030 for minerals used for the captive purpose, up to 31 March 2020 for minerals used for other than captive purpose, or up to 50 years from the date of grant of such lease.

Advocate Manohar Lal Sharma filed a petition in April 2019 to cancel the allotment of an extension of leases for firms that operate 358 iron ore mines in the country, free of cost without any fresh evaluation. The petition stated that the extension of the leases had caused financial loss to the public exchequer. More than 288 mining leases were extended in exchange for large political donations, causing a loss of Rs 4 lakh crore to the public treasury. A bench led by Justice S.A. Bobde has sought a response from the central Government to the petition. It appointed senior advocate P.S.Narasimha to assist the court in the case.

However, investigations are underway in different states, like Orissa, Karnataka, and Goa, concerning the lease extensions. There is currently no evidence publicly available to establish the connection between the losses and the lease extensions. The latest hearing regarding the case was on 24 February 2020.

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