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Cabinet approves new royalty rates for 4 key critical minerals
The Union Cabinet, led by Prime Minister Narendra Modi, approved new royalty rates for critical minerals — graphite, zirconium, rubidium, and caesium — to enhance domestic production and reduce import reliance. The revised rates aim to attract investment, with significant adjustments like a 2% royalty on high-grade graphite and 1-2% for other minerals. India's current import reliance is 60% for graphite.
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