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GHADC receives 20 cr as advance on royalty share

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TURA, Feb 9: The State Government on Wednesday sanctioned a total amount of Rs 20 crores to the GHADC as advance payment on the share of royalty on major minerals.

According to an intimation issued in this regard from the Under secretary to the Government of Meghalaya to the Director of Mineral Resources (DMR), the sanctioned amount was made available by way of advance from the Contingency fund as sanctioned by the Finance Department.

“The expenditure is de-bitable to the head of accounts 8000-contingency fund-265-Non-Ferrous Mining and Metalurgical Industries, “2853 Non-Ferrous Mining Metalurgical Industries-02 Regulation and Development of Mines-800- Other Expenditure. (01) Expenditure on Account of District’s Council’s share in lieu of royalties collected from major minerals- 14- Rent, Rates and Taxes, Sixth Schedule Part-II Areas-voted” during the current financial year 2021-2022,” the intimation from the Under Secretary read.

The relevant rules and procedures for incurring expenditures, drawal and disbursement of the money should be strictly adhered to, it added.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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