The increased rates are likely to bring additional revenue of Rs 100 crore to the department’s kitty. Royalty rates for 42 miner minerals have been increased by 25 to 30%. The increased rates are likely to bring additional revenue of Rs 100 crore to the department’s kitty. After a meeting with mining association and other mining businessmen, the department increased the royalty rates on 28 new minerals and 14 minerals previously included in miner minerals category. The new rates are likely to improve revenue as mining activity has increased after issuing new mining lease.

Source: dna October 29, 2017 02:15 UTC