As per the Mining Bill, a Mineral Development Fund is likely to be created in every district, in which profit and royalty shared by miners will be deposited and spent on the local population and area development.
We sincerely hope that the intention of the govt is good and if it is put into practice with sincerity, we may see tribal population making progress by leaps and bounds.
However for the time being mining bill introduction is not good for mining and metal stock sectors and they are likely to touch 52 week new lows.Do remember to keep visiting our website for free and best equity tips to make money in stock market of India.
We sincerely hope that the intention of the govt is good and if it is put into practice with sincerity, we may see tribal population making progress by leaps and bounds.
However for the time being mining bill introduction is not good for mining and metal stock sectors and they are likely to touch 52 week new lows.Do remember to keep visiting our website for free and best equity tips to make money in stock market of India.
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