The government of Goa has announced a 22% premium on the price fixed by the Indian Bureau of Mines (IBM) for the erstwhile mining leaseholders in the state. This decision comes as a result of ongoing efforts to regulate the mining sector and ensure fair pricing for all stakeholders involved. The premium will be imposed on the price set by the IBM for the leaseholders who were affected by the Supreme Court’s 2018 decision to cancel mining leases in the state. This move is aimed at bringing transparency and accountability to the mining industry in Goa, which has been marred by controversies and illegal activities in the past. The government’s decision is expected to benefit the leaseholders and help revive the mining sector in the state. It is also seen as a step towards promoting sustainable and responsible mining practices in Goa. The imposition of the premium is likely to have a significant impact on the mining industry and could lead to a more structured and regulated mining sector in the state. Stay updated with the latest developments on this issue through the Times of India website.
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Goa govt to impose 22% premium on IBM-fixed prices for former mining leaseholders.
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