Published 16:51 IST, March 1st 2024
Cabinet Rolls Out Royalty Rates for 12 Critical Minerals: Checklist & Here's Why It's Important
Royalty rates are important because they determine how much money mining companies have to pay the government for extracting minerals.
![Critical minerals are essential for economic development and national security, which the government statement following the approval also reiterates.](https://img.republicworld.com/tr:w-800,h-450,q-75,f-auto/rimages/depositphotos247186276-stock-photo-large-quarry-dump-truck-loading-170928055498016_9.webp)
Critical minerals are essential for economic development and national security, which the government statement following the approval also reiterates. | Image:
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13:40 IST, March 1st 2024