Tag: MMDR Act 1957

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Cabinet Approves New Royalty Rates for 4 Critical Minerals

Source:  ET Subject: Economy Context: The Union Cabinet has approved the rationalisation of royalty rates for four critical minerals — Graphite, Caesium, Rubidium, and Zirconium — to promote domestic production. About Cabinet Approves New Royalty Rates for 4 Critical Minerals: What is Royalty Rate? It is a charge levied by the government on mineral producers …

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Reclassification of Major Minerals

Source:  EET Context: The Ministry of Mines, through a gazette notification, reclassified Barytes, Feldspar, Mica, and Quartz as major minerals from their previous minor mineral status. About Major Mineral Reclassification: What are Major Minerals? Major minerals are those regulated by the Central Government under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act, …

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