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The Union Cabinet has reportedly approved royalty rates for critical minerals in India. The decision comes as the government prepares to auction critical mineral mines, including those containing nickel, lithium, cobalt, platinum, and rare earths. The move is aimed at attracting investment and development in the mining sector. India's mineral royalty rates are currently among the highest in the world, which has impacted the competitiveness of the sector. The auction for lithium reserves in Jammu and Kashmir is expected to take place soon, with overseas miners expressing interest.

In August, there were reports of India getting prepared to start the auction process for some 100 critical mineral blocks. According to a Bloomberg report, Bharadwaj had revealed that the blocks that are being prepared for auction includes nickel, lithium, cobalt and platinum, along with rare earths.

/PRNewswire/ -- The "Microfinance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. Global Microfinance Market to...

The "Microfinance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. Global Microfinance Market to Reach $506 Billion by 2030 The global market for Microfinance estimated at US$200 Billion in the year...

Congratulating the Art of Living which under the inspiration and guidance of spiritual guru Sri Sri Ravi Shankar has "brought us all together" Jaishankar said that global thought and international understanding are so visible as "I look around me." Humanity, he said, is truly a diverse group and this is expressed through culture, traditions, heritage and identities.