Tag: Govt loss on extending mines lease
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India : Govt Could Lose INR 79500 crore on Extending Merchant Mines
Industry bodies have made an earnest plea to the Government of India against extending validity of merchant mining leases expiring by March 2020. Assocham estimates that the government could face INR 79500 crore loss if the lease validity of non-captive mines is extended for 10 years till 2030, a tenure co-terminus with the captive leases.…