The Government of Goa has announced that it will impose a 22% premium on the price fixed by IBM for erstwhile mining leaseholders in the state. This decision comes as a part of the efforts to regulate the mining industry and ensure fair pricing for all stakeholders involved. The premium will be applicable to those leaseholders who were granted mining leases before the Mines and Minerals (Development and Regulation) Act came into effect in 2015. The move aims to bring transparency and accountability to the mining sector, which has been marred by controversies and illegal activities in the past. The decision has received mixed reactions from the mining community, with some welcoming the move as a step towards leveling the playing field, while others expressing concerns about the additional financial burden it may impose. The government has stated that the premium will help in generating revenue for the state, which can be utilized for various developmental projects. This development is expected to have a significant impact on the mining industry in Goa and will likely lead to further discussions and debates among stakeholders. It remains to be seen how the implementation of the premium will unfold and what implications it will have on the overall mining landscape in the state.
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Goa govt imposes 22% premium on IBM-fixed prices for former mining leaseholders.
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