What is in news : A call for Restructuring National Mineral Exploration Trust (NMET) as Autonomous Body has been done

About NMET :

• Set up under The Mines and Mineral (Development and Regulation) Act, 1957
• Aim – Realize the mineral potential of the country in terms of mining activity and contribute commensurately to the growth of national economy.

NMET FUND: holders of Mining Lease and Prospecting Licence-cum-Mining Lease make payments equivalent to 2% of royalty, for minerals under second schedule of the Act, as NMET contribution simultaneously with payments of the royalty. It is being put to various use