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Home > News > Share 26% royalty, not profit: Govts U-turn on mining > Share 26% royalty, not profit: Govts U-turn on mining

Share 26% royalty, not profit: Govts U-turn on mining [1]

In a sudden U-turn, the mines ministry has decided against asking miners from mandatorily sharing 26 per cent of net profits with the affected local population. Instead, it has proposed that miners set aside 26 per cent of the royalty they pay to states for sharing with locals.

This dramatically changes what locals will get if the proposal becomes law.

Publication Date: 
06/07/2011
Indian Express (New Delhi) [2]
Tags:
Mining [3], Minerals [4], Federation Of Indian Mineral Industries [5], India [6]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/share-26-royalty-not-profit-govts-u-turn-mining

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/share-26-royalty-not-profit-govts-u-turn-mining
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/indian-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/federation-indian-mineral-industries
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india