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Industry bodies wants govt to avoid hike in royalty

Members of a government appointed Study Group recommended the government to avoid any hike in royalty for zinc, lead and other non-ferrous minerals as it would adversely affect the domestic mining industry. It may be recalled that the government formed this group to recommend royalty rates for these minerals. The group consists of industry bodies like Ficci, Asso

House panel proposes royalty-based payment for coal miners

A Parliamentary committee headed by Trinamool Congress MP Kalyan Banerjee, suggested the government to mandate coal and lignite mining firms to contribute an amount equal to royalty towards a district mineral foundation (DMF). While the new mining bill mandates miners of major minerals like iron ore and bauxite to make such a contribution, the bill mandates coal and lignite mines to pay

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