Consider the following statements: [Indian Geography]

Statement I: In India, State Governments have no power for making rules for grant of concessions in respect of extraction of minor minerals even though such minerals are located in their territories.

Statement II: In India, the Central Government has the power to notify minor minerals under the relevant law.

Which one of the following is correct in respect of the above statements?

The correct option is Statement I is not correct but Statement II is correct.

Analysis of Statement I:
According to Section 15 of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act), State Governments are fully empowered to make rules for regulating the grant of quarry leases, mining leases, or other mineral concessions in respect of minor minerals, and for purposes connected therewith. Since the power to make rules regarding minor minerals is vested in the State Governments, Statement I is incorrect.

Analysis of Statement II:
Under Section 3(e) of the Mines and Minerals (Development and Regulation) Act, 1957, the Central Government of India holds the power to declare/notify any mineral as a "minor mineral" through a notification in the Official Gazette. Hence, Statement II is correct.