For Quick Alerts
For Daily Alerts

FM Announces A Host Of Reforms For Minerals And Mining Sector


The Finance Minister today announced a host of reforms for the minerals and mining sector. Among these include 500 mining blocks which would be offered and a joint auction for bauxite and coal blocks.

FM Announces A Host Of Reforms For Minerals And Mining Sector

"The ministry of mines is in the process of developing a Mineral index for different minerals," the Finance Minister said.

The government will remove the difference between captive and non-captive mines. This will allow transfer of mining leases and sale of surplus minerals.

Apart from this, the Finance Minister also announced rationalisation of stamp duty payable at the time of award of mining leases. All these announcements were made as a part of the fourth tranche of the economic package.

Read more about: finance minister coal
Story first published: Saturday, May 16, 2020, 16:48 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more