Ongole: The decision of government of Andhra Pradesh to reduce the rate of collection of district mineral fund from 30 percent to 12.5 percent is going to help the galaxy granite industry which is facing a hard time in the state for the past few months.
It is a regular practice to the government to revise the royalty for the minerals for every three years. In September 2015, the government enhanced the royalty for granite for 25 percent, which became a burden for the granite industry.
At the same time, the central government proposed all the states to constitute District Mineral Foundation to take up various programs for overall development of the persons and the area whose ecology has been degraded by the rampant mining. Read More