State to give 80 per cent of sand mine auction profit to panchayats
THE Jharkhand government has announced it will give 80 per cent of the amount collected from auction of sand mines in the state to block panchayats. This is the first time a state has decided to share business profits with local bodies.
Hemant Soren, deputy chief minister and minister in-charge of the department of mines and geology, made the announcement on August 11. “The decision has been approved by the state Cabinet,” he added.