The Vasundhara Raje government, on Tuesday, gave a shot in the arm to mining industry by showering concessions on lease holders across the state. The state government amended the Rajasthan minor mineral concession rules, 2017, affecting among other things, the “dead rent charges” which stand slashed by 50 percent. Other major relaxation introduced was in the levying of premium charges, the duration of whose implementation has been reduced to just one year from the previous 50-year norm.
On the directions of chief minister Vasundhara Raje, the mines department amended the rules to offer relief to mine lease holders by slashing the charges of dead rent or license fee from 100 to 50 per cent only. Dead Rent is the minimum guaranteed amount payable for mining lease, which is calculated according to the area of the lease.
The next big concession offered through the amendments is by making lease holders or LOI (letter of intent) holders pay premium fees (measurable as equal to dead rent or two-and-half times the license fee) only in the first year of operation. Earlier, the provision was to charge the same premium fee for each year up to 50 years.
According to officials, the dead rent charges so far were to be paid by the lease holders in one instalment and even in advance.
Now, the charges can be paid quarterly in fours installments, making holders to have ease in arranging amount.
Another concession is to those who want to transfer the ownership of mines to their blood relatives. Only Rs50,000 premium would be charged from holders who want to transfer mines to wife, husband, daughter or son. Earlier, it was Rs10 lakh.
“The modified rules have been drafted in accordance to the spirit of MMDR (Mines and Mineral Development and Regulation) Act 2015 which mandates to save letter of intent holders (LOI),” an official said. Now, it has been provisioned to save the letter of intent (LOI) issued through lottery or on leased land left out in previous draft of rules. With this amendment the saved LOI holders can also get allotment of mines, the officials added. The amendments are the brainchild of additional chief secretary. mines and forest, NC Goyal, sources said. Chief minister Vasundhara Raje wanted to revive the comatose mining sector in state to boost revenue prospects.
The cut off date, is August 31, 2017, when mine owners have to pay dead rent as per old prices. The dead rent of such mines will be revised from September 1, 2017.
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