25 minerals exempted from customs duty. Sitharaman also announced setting up of ‘Critical Mineral Mission’ for production, recycling, and overseas acquisition of mineral assets.
India has been pursuing a trade agreement with Peru since 2017. The two countries held the 6th round of negotiations last month and talks are scheduled to be held again in December.
This was the 2nd time this year that the Australian Foreign Investment Review Board blocked a Chinese company from investing in the country's critical minerals sector.
Bill to amend Mines and Minerals (Development and Regulation) Act to be tabled during monsoon session. Govt also seeks to allow commercial mining of mineral resources in offshore areas.
With eye on rural votebank, Telangana budget raises allocations for farmers, power & welfare schemes, while introducing new initiatives and relying on borrowings to fund growth.
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