Breaking News

Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide

2024 Budget: FM Nirmala Sitharaman announces Critical Mineral mission

agricultural.jpg
Notification 23 Jul 2024 12:28 PM IST Economic Times
Finance Minister Nirmala Sitharaman unveiled the critical Mineral Mission today while presenting the Budget 2024. The mission includes producing and recycling critical minerals and asset acquisitions abroad.
 
Sitharaman stated that the mission's mandate will include technological advancement, a qualified workforce, and a sustainable finance mechanism.
 
"We will set up a critical mineral mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. Its mandate will include technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism," Sitharaman said in her budget speech.
 
FM also declared that the government will shortly hold the first round of the mission's offshore mineral auction. The Economic Survey also highlighted the risks its reliance on China for essential minerals faced.

Also Read : Centre to develop plant for recycling lithium-ion batteries, e-waste in Uttarakhand Telangana deputy CM inaugurates solar panel unit, pledges energy self-reliance by 2030

Related News

902411_1706169339_small.jpeg

Cabinet approves ₹8,500 cr scheme to boost coal gasification projects

The Prime Minister, Shri Narendra Modi, led a Cabinet meeting that approved a plan to support Coal/L...

Press Releases 25-Jan-2024
112784_1704267573_small.png

Indian MOIL Limited achieves highest ever manganese ore output in 2023

Indian Government run miner MOIL limited achieved manganese ore production of...

Announcement 03-Jan-2024
461698_1706015811_small.png

REC Lld. achieves record Q3 profits with 177% loan growth

REC Limited recently disclosed its financial performance for the quarter and nine months ending Dece...

Press Releases 23-Jan-2024
125163_1705922066_small.png

India's coal power surges 10%, import dependency drops 41% in April - December 2023

India's coal-based power generation displayed a notable growth of 10% from April to December 2023 co...

Press Releases 22-Jan-2024
984383_1707309196_small.jpeg

India's nuclear power capacity to surge threefold to 22,800 MW by 2031-32: Jitendra Singh

Union Minister Dr Jitendra Singh has disclosed that India's nuclear power capacity is set for a rema...

Press Releases 07-Feb-2024
572833_1706348968_small.png

India aims to halt thermal coal imports by 2026, encourages switch to domestic sources

The Union Minister for Parliamentary Affairs, Pralhad Joshi, has announced that India plans to stop...

Notification 27-Jan-2024