If all people of the country are the real owners of the mineral resources, how can we ensure that they are used for the benefit of all?
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Benefits of Mineral resources:
- Almost all mineral resources in India are owned by our national government which is then sometimes function through private third parties.
- Mineral are present in limited quantity and takes a very long time to get renewed.
- If the rate in which the minerals are presently being extracted and consumed continues then very soon they will be depleted from earth surface leading to a very dark future for our next generation.
- Having an equal ownership on this will stop its exploitation and will help the to preserve for future.
- Secondly, sharing the ownership will also help to reduce it's corruption, black marketing, crony capitalism which the government has to suffer now due to confined ownership.
- Besides, this sharing the ownership will also result in sharing of any massive losses, which this industry goes through many times, thereby reducing its direct impact on the economy.
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