![Cabinet approves royalty rates for mining of 12 critical minerals](https://images.assettype.com/fortuneindia%2F2023-02%2F77d3a060-98bd-4df1-8b75-9830cba2cc08%2FGettyImages_1235702647_2.jpg?rect=0,201,3199,1600&w=300&q=95)
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.