Royalty Rates
Cabinet Approves New Royalty Rates for Critical Minerals
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the rationalization of royalty rates for critical minerals including Graphite, Caesium, Rubidium, and Zirconium. The new rates aim to promote the auction of mineral blocks, enhance indigenous production, reduce imports, and create employment opportunities. The royalty for Graphite will