With the approval of President Shri. Pranab Mukharjee, the ordinance amending the Mines and Minerals (Development & Regulation ) Act on 12th January, 2015, the BJP government has created a record of promulgating nine ordinances within  7 months of it came to power. The MMDR Amendment Ordinance, 2015 is to allow auction policy in grant of mining leases for both bulk minerals and notified minerals. Earlier,  prior approval of the Central government was required for notified minerals in First Schedule; such as iron ore, manganese, bauxite, copper, gold. 

” To attract private investment and modern technology in mining, it will be possible to transfer mining leases and prospecting-cum-mining leases awarded through auction by the approval of the state government. Whether the state government does not convey any decision in 90 dys in this regard, it will be taken as deemed approval.”: according to the Ministry of Mines.

So the intension of the government is very clear, and it is nothing but privatization of the mining sector. It is also reported that President has asked the government about the urgency of so much ordinances, by skiping the Parliament, and wanted to legalise it within six weeks by approval of the Parliament.