Goa government has come out with its mining Budget yesterday.
The key outcome of the budget as given as follows:
* Imposition of a fee of Rs 250-500/MT depending on iron ore
percentage on all the dumps on government and forest land
* Auction for the Iron ore deposited on agriculture land
owned by individuals
* The budget has also proposed to allocate 60% of the
revenue generated through mining royalty for infrastructure development of the
iron ore rich belt, which has been facing difficulties due to narrow
roads.
* VAT on petrol would be almost abolished. There would a VAT
at 0.1%, just to keep a sale record.
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