National Fund for Development of Mining Sector
The Minister of Mines and Minister of Development of North Eastern Region Shri B.K. Handique has said that the Central Government has initiated a process to introduce legislative changes in terms of the National Mineral Policy, 2008, which enunciates setting up of fund for mineral development through levy of separate cess. In a written reply in the Rajya Sabha today, he said, the amount of revenue likely to be generated cannot be estimated at present since it is dependent on the finalization of rate of cess by Government.
The Minister of Mines and Minister of Development of North Eastern Region Shri B.K. Handique has said that the Central Government has initiated a process to introduce legislative changes in terms of the National Mineral Policy, 2008, which enunciates setting up of fund for mineral development through levy of separate cess. In a written reply in the Rajya Sabha today, he said, the amount of revenue likely to be generated cannot be estimated at present since it is dependent on the finalization of rate of cess by Government.
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