<h1>Cabinet Committee Approves 41% Increase in Royalty Rates for Major Minerals, Boosting Revenues for Mineral-Rich States.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved a revision of royalty and dead rent rates for major minerals, excluding minor minerals, coal, lignite, and sand for stowing, under the Mines and Minerals (Development and Regulation) Act, 1957. This decision will increase royalty revenues for mineral-rich states by 41%, benefiting states like Jharkhand, Chhattisgarh, Odisha, Jammu & Kashmir, and Maharashtra. West Bengal, previously excluded due to a legal dispute over cess on mineral lands, will now also benefit. The revision follows recommendations from a Study Group and applies to all states and union territories.