The Goan government has announced a 22% premium on the price fixed by the Indian Bureau of Mines (IBM) for former mining leaseholders in the state. This decision comes as a part of the efforts to revive the mining industry in Goa, which has been facing challenges due to the mining ban imposed by the Supreme Court in 2018. The premium will be imposed on the price fixed by the IBM for the mining leaseholders who were operating in the state before the ban was put in place. The move is aimed at providing relief to the mining leaseholders and encouraging them to resume mining activities in the state. The government believes that this premium will help in boosting the mining sector and generating employment opportunities for the people of Goa. The decision has been welcomed by the mining industry stakeholders who have been advocating for measures to revive the sector. This development is expected to have a positive impact on the economy of the state and contribute to its overall growth. The government is also working on other initiatives to support the mining sector and ensure its sustainable development in the long run.
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Goa govt to levy 22% premium on IBM-fixed prices for former mining leaseholders, impacting industry stakeholders.
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