Indian government will increase the value of royalties from mining companies do mining exploration in India by 10 percent. Increased royalties for mining companies are expected to help increase state revenues. Indian Mines Minister said the proposal is submitted to the cabinet has been approved by the cabinet. Increased mining royalties include: iron ore, diamonds, zinc, tin, copper, bauxite, graphite and gold.

Increased mining royalties will increase state revenues doubled, from 22.8 billion rupees per year to 46.3 billion ruper per year. So far, the government has burden as much as 27 rupees per ton of iron ore lump and 19 rupees per tonne for fines. From every 100 tons of iron ore produced in India, 60 tons are fines and lump the rest.

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