New Mining Policy in Maharashtra

The Maharashtra Cabinet approved a new policy for guiding sand mining on Thursday, eliminating the previous policy to reduce illegal sand mining in rivers and creeks and lack of revenue in the form of royalty to the state government.

However, before engaging in a public sand auction, it will be necessary to seek counsel from the gramsabha. If the gramsabha rejects the request, the district stage sand tracking committee will be recommended a sand public sale by a committee led by the sub-divisional sales officer. After considering the income quantity and sand taken from the assigned regions, an Upset Price may be constant, according to the coverage.             

Meanwhile, the Maulana Azad Minorities Financial Development Corporation’s % capital was increased from Rs 500 crore to Rs 700 crore, clearing the cupboard. It was implemented after Deputy Chief Minister and Finance Minister Ajit Pawar said at the winter consultation that the Corporation’s % capital would be increased by Rs 200 crore.The Maharashtra Cabinet approved a new policy for guiding sand mining on Thursday, eliminating the previous policy to reduce illegal sand mining in rivers and creeks and lack of revenue in the form of royalty to the state government.

Today’s decision comes days after Revenue Minister BalasahebThorat stated at the kingdom legislature’s current winter session that the branch will seek cabinet approval for a new policy for guiding sand mining within the state.

According to today’s option, sand may be available at a low cost to end consumers. The time limit for guide sand mining has been extended to five years. Furthermore, the policy suggests that a successful auctioneer can obtain environmental permission for worn-out sand mining after receiving a letter of purpose. The successful auctioneer, on the other hand, will no longer be able to release mining until the charge for vital expenditures and expenses is paid, as well as the signing of an agreement.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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