New Delhi, Nov 12 (PTI) The government on Wednesday approved rationalisation of royalty rates of graphite, caesium, rubidium, and zirconium with an aim to boost domestic production and reduce import dependence.

The decision was taken by the Cabinet under the Chairmanship of Prime Minister Narendra Modi.

The decision will promote the auction of mineral blocks containing caesium, rubidium and zirconium, thereby not only unlocking these minerals but also associated critical minerals found with them such as lithium, tungsten, rare-earth elements (REE) and niobium.

Moreover, it would also strengthen the country's energy security and supply chain security.

I&B Minister Ashwini Vaishnaw said after the Cabinet meeting that there was a need to change the royalty structure of few critical minera

See Full Page