Taking into account the contributions of the mining industry, is the support from the government to the aforementioned sector reasonable? Weigh the pros and cons. Defend your answer.
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Pros -
Government has introduced MMDR Act to promote mining sector.
Mining industry has earned precious foreign exchange by exports to foreign countries.
It has given direct and indirect employment opportunities to millions in the unorganised sector.
Cons -
Many operative mines are being closed by government without any illegality or environmental hazard.
Many other industries depending on natural resources are making losses.
Transporters and mine owners are making defaults on their loan payments.
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