The Government of India is set to impose a 22% premium on the price fixed by IBM for erstwhile mining leaseholders in Goa. This decision comes after the Indian Bureau of Mines (IBM) fixed the average sale price for the 2017-18 financial year. The premium will be applicable to leaseholders who opt to get their minerals extracted by the government. The move is aimed at ensuring fair compensation for the leaseholders while also generating revenue for the government. The mining industry in Goa has been facing challenges in recent years, with the Supreme Court imposing a ban on iron ore mining in the state in 2018. The government’s decision to impose a premium on the price fixed by IBM is seen as a step towards reviving the mining sector in the state. The premium will help in boosting the revenue of the state government and provide a much-needed lifeline to the mining industry in Goa. This move is expected to have a positive impact on the overall economy of the state and create employment opportunities for the local population. The government’s decision has been met with mixed reactions from stakeholders in the mining sector, with some welcoming the move as a much-needed relief, while others expressing concerns about the impact it may have on the cost of mining operations.