Mines secretary wants benchmark lowered to combat China

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ENS Economic Bureau Tags : Posted: Friday , Apr 11, 2008 at 2209 hrs

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Sanskrit Festivals Ex-servicemen discriminated Ex-servicemen discriminated Disc Replacement Content

•Ad valorem basis royalty system that will accrue Rs 3,943 crore for state governments

•Increase in dead rent on escalating scale on unused areas to dissuade idle holding of resources

•Several fold increase in penalties on illegal mining

•Setting up an independent Mining

Administrative and Appellate Tribunal that can be approached by the applicant if time limits are flouted by the Centre or state governments

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