Cabinet approves royalty rates for mining of 12 critical minerals
The government has now decided to specify a reasonable royalty rate of 2-4% on these minerals.
The government has now decided to specify a reasonable royalty rate of 2-4% on these minerals.
The concentration of extraction or processing of such minerals in a few countries may lead to supply chain vulnerabilities, says Ministry of Mines.
One of the major reforms proposed in the Bill is the removal of "lithium-bearing minerals" from a prohibited list.
Capital expenditure at ₹2,29,351 crore during April-September against annual target of ₹5.54 lakh crore; commerce, mines and steel lead infra push.
State Bank of India's ₹5,000 crore loan to Adani’s Carmichael coal project is stuck. Exposure is subject to approval from local government, says SBI chairman Dinesh Khara to Fortune India.