 bill no lxxxv of  2010 the mines and minerals (regulation and development) amendment bill, 2010 a billfurther to amend the mines and minerals (regulation and development) act, 1957be it enacted by parliament in the sixty-first year of  the republic of india as follows:— 1 (1) this act may be called the mines and minerals (regulation and development)amendment act, 2010short title, extent and commencement(2) it shall come into force on such date, as the central government may, by notification in the official gazette, appointof section 9 statement  of  objects  and  reasonsminerals are conceptually considered the property of the states however, with a view to have uniformity in the country, the mines and minerals (regulation and development) act, 1957 was enacted by the parliament in 1972 proviso was added to section 9 of  the act for increasing the rate of royalty in respect of mining leases at an interval not less than three years of late, this provision has become irrelevant due to appreciation in the prices of minerals throughout the world and this is adversely affecting the interests of  states and the nationhence, this billshreegopal vyas———— a billfurther to amend the mines and minerals (regulation and development) act, 1957————(shri shreegopal vyas, mp)gmgipmrnd—6694rs(s3)—28022011