Cabinet greenlights Rationalisation Of Royalty Rates. (Image: PTI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Rationalisation of royalty rates received government nod on Wednesday during the Cabinet meeting chaired by Prime Minister Narendra Modi. This includes rates of graphite, caesium, rubidium, and zirconium.

The decision was taken with an aim to boost domestic production and cut down on dependence.

It will promote the auction of mineral blocks containing caesium, rubidium and zirconium, and in doing that will not only be unlocking these minerals but also associated critical minerals found with them such as lithium, tungsten, rare-earth elements (REE) and niobium.

I&B Minister Ashwini Vaishnaw said after the Cabinet meeting that there was a need to change the r

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