Review of Royalty Rates of Minerals
The Ministry of Mines has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal. lignite and sand for stowing) to review the rates of royalty. Royalty rates for minerals can be revised upward only once in three years. Accordingly, royalty rates in respect of major minerals (excluding coal, lignite and sand for stowing) were last revised on 13.8.2009.
Royalty rates notified by Central Government in Second Schedule to the Mines and Minerals (Development and Regulation) Act, 1957 are uniformly applicable on all the States, including Madhya Pradesh. The rates of royalty were last revised by the Government on 13.8.2009, and the next upward revision, if any, of the royalty rates is possible only after 12.8.2012.
This information was given by the Minister of State for Mines (Independent Charge) Shri Dinsha Patel in a written reply to a question in Rajya Sabha today.
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