What is the purpose of the “Offshore Areas Mineral Trust Rules, 2024” introduced by the Centre, and what are holders of production leases required to contribute?
1
To regulate onshore mineral mining; holders must pay 5% of their profits
2
To oversee inland mineral exploration; holders must pay 15% of their revenue
3
To regulate offshore mineral exploration and production; holders must contribute 10% of their royalty payments
4
To manage environmental impacts of onshore mining; holders must contribute 20% of their sales
5
To monitor mineral trading activities; holders must pay 25% of their earnings