Question

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?

Answer 1

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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Answer 2

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