Cabinet Agrees on ₹7,280 Crore Rare Earth Magnet Scheme
The Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday approved a ₹7,280 crore scheme for rare-earth permanent magnets (REPM) to boost India’s domestic rare-earth manufacturing capabilities. The scheme aims to establish integrated manufacturing facilities with a capacity of 6,000 Metric Tons per Annum (MTPA) of rare-earth permanent Magnets. REPMs are expected to be…
ABHYUDAYA MITTAL
Cabinet Agrees to New Royalty Rates For Critical Minerals
India aims to reduce import dependence and vulnerabilities in the supply chain of critical minerals. The Union Cabinet approved on Wednesday, 12 November, the rationalisation of royalty rates of graphite, caesium, rubidium, and zirconium. According to the rationalisation structure, the royalty was previously sought on a per-tonne basis for graphite (i.e., a fixed amount for…
Himanshu
PM Modi Cabinet Approves Rs 69,725 Cr For Shipbuilding
On Wednesday, the Narendra Modi-led cabinet approved Rs 69,725 crore for the development of the shipbuilding and maritime sector. The primary aim of this initiative is to improve India’s shipbuilding and maritime sector infrastructure and to increase the production capabilities of the sector. This strategic package comprises four key elements: prioritising the strengthening of domestic…
Cabinet Clears ₹1500 Cr For Critical Minerals Recycling
On Wednesday, the Cabinet approved a scheme worth Rs 1,500 Crore to promote critical minerals recycling in the country. This decision was taken under the chairmanship of Prime Minister Modi during the cabinet meeting. This initiative aims to improve the nation’s recycling capacity for separating and producing critical minerals from secondary sources. This includes e-waste,…
