Move likely to help mop up Rs 400-crore revenue

The Uttarakhand Cabinet has put its seal of approval on a new mining policy, which would help the government garner revenue of Rs 400 crore, make tendering process more transparent and reduce the role of government agencies. At present, the government earns about Rs 100-150 crore. Through another amendment, the district magistrates have been given the authority to give mining rights on upto five acres of land to local youths.