Centre proposes amendment to boost state revenue from mining waste

The existing regulation permitted the leaseholder to dispose of these materials without specifying their intended use


Illustration: Binay Sinha

Nitin Kumar New Delhi

Listen to This Article

State governments stand to potentially benefit from revenue generated by mining waste as the mines ministry has proposed to amend the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016 (MCR, 2016).

The proposed amendment to Rule 12(1)(k) of the MCR, 2016, would allow the dispatch of materials, such as overburden, waste rock, and minerals below a certain threshold value that cannot be used as a major mineral, in the normal course of mining, potentially enabling the government to generate revenue.

Rule 12(1)(k) of the MCR, 2016, outlines terms and conditions for a mining lease, including provisions for disposing of such materials below a certain threshold value that cannot be used as a major mineral.

Also Read

New regulations to boost mineral mining and revenue sharing in India

Strong near-term outlook to aid revenues, margins for IndiGo after Q2 show

Balrampur Chini Mills is expecting 20% higher revenues in FY24: CFO

Maruti Suzuki expects to double its revenues by FY31: CEO Takeuchi

Uttar Pradesh govt targeting excise revenues of Rs 58,000 crore in FY24

Draft mineral auction rules: Single bidder to be allowed in second attempt

SC suggests excluding farmers burning stubble from MSP structure

G20 virtual summit to discuss development, critical global challenges

FDI equity inflows decreased by 24% to $20.48 bn in Apr-Sep 2023: Data

Economy lost momentum by 80-100 bps in Q2 to 6.8-7%, say analysts

First Published: Nov 21 2023 | 7:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com