New Delhi, Nov. 12 -- In a significant decision that will boost the availability of critical minerals in the country, the Union Cabinet on Wednesday approved a proposal to specify and revise the royalty rate of Caesium, Graphite, Rubidium and Zirconium.

The Cabinet decision will boost the indigenous production of high-tech minerals, reduce import dependence, and strengthen energy and supply chain security. It will also encourage new investment in the sector.

Briefing reporters on the decisions of the Union Cabinet, Information and Broadcasting Minister Ashwini Vaishnaw said that the decision will promote the auction of mineral blocks containing Caesium, Rubidium and Zirconium, not only unlocking these minerals but also associated critic...