Lok Sabha
As per the provisions of the Mines & Minerals (Development & Regulation) Act, 1957, (MMDR) the Central Government shall not enhance the rate of royalty in respect of any mineral more than once during any period of three years.
Royalty rates for minerals (other than coal & lignite, minor mineral) were last revised on 14.10.2004 and next revision of royalty rates was possible only after 13.10.2007.
A Study Group was constituted in the Ministry of Mines with representatives of State Governments of Chattisgarh, Jharkhand, Karnataka, Orissa, Rajasthan, Ministry of Steel, Department of Atomic Energy, Indian Bureau of Mines and Federation of Indian Mineral Industry as members. The Study Group submitted its report to the Government on 27.9.2007.
The State Governments are collecting royalty in terms of the rates notified by Government on 14.10.2004 and the revised rates of royalty would effective prospectively only.
This information was given by the Minister of Mines and Minister of Development of North Eastern Region, Shri B.K. Handique in a written reply to a question in the Lok Sabha today.
As per the provisions of the Mines & Minerals (Development & Regulation) Act, 1957, (MMDR) the Central Government shall not enhance the rate of royalty in respect of any mineral more than once during any period of three years.
Royalty rates for minerals (other than coal & lignite, minor mineral) were last revised on 14.10.2004 and next revision of royalty rates was possible only after 13.10.2007.
A Study Group was constituted in the Ministry of Mines with representatives of State Governments of Chattisgarh, Jharkhand, Karnataka, Orissa, Rajasthan, Ministry of Steel, Department of Atomic Energy, Indian Bureau of Mines and Federation of Indian Mineral Industry as members. The Study Group submitted its report to the Government on 27.9.2007.
The State Governments are collecting royalty in terms of the rates notified by Government on 14.10.2004 and the revised rates of royalty would effective prospectively only.
This information was given by the Minister of Mines and Minister of Development of North Eastern Region, Shri B.K. Handique in a written reply to a question in the Lok Sabha today.
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