The government of Goa has announced a 22% premium to be imposed on the price fixed by the Indian Bureau of Mines (IBM) for erstwhile mining leaseholders. This decision comes as a significant development in the mining sector of the state. The premium will be charged on the sale price of the extracted minerals, and it is expected to impact the finances of the leaseholders. The move is aimed at increasing revenue for the state government and ensuring a fair price for the mining resources. The decision has received mixed reactions from various stakeholders in the mining industry. While some believe it will help in regulating the sector and preventing exploitation of natural resources, others are concerned about the financial burden it may impose on the leaseholders. The implementation of the premium is expected to bring about changes in the dynamics of the mining business in the region. It remains to be seen how the stakeholders will adapt to this new regulation and its impact on the overall mining industry in Goa. The announcement has sparked discussions and debates among industry experts, policymakers, and mining companies. Stay updated with the latest developments in this story to understand its implications on the mining sector in India.
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Goa government to impose 22% premium on IBM-fixed prices for former mining leaseholders.
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