Goa lost 25% revenue post mining ban: Pramod Sawant
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Goa lost 25% revenue post mining ban: Pramod Sawant

By Https://www.moneycontrol.com/news/politics/goa-lost-25-revenue-post-mining-ban-pramod-sawant-4152681.html calender  30-Jun-2019

Goa lost 25% revenue post mining ban: Pramod Sawant

The Goa government has suffered a revenue loss of almost 25 per cent due to the mining industry shutdown in the wake of the supreme court order in 2018, Chief Minister Pramod Sawant said on June 29.
He said the ban has adversely affected the economy of the coastal state in the last 15 months.
"Just as when Goa was regaining hold over the economy after the global slowdown, the ban on the mining industry posed another challenge for the government," Sawant said while addressing the 111th annual general body meeting (AGM) of the Goa Chamber of Commerce and Industry near here.
In its February 2018 verdict, the supreme court had quashed renewal of 88 mining leases, which effectively brought the mining industry to a halt.
"The mining sector was contributing immensely to the state exchequer and also to the employment. The state exchequer was deprived of almost 25 per cent of the revenue due to the ban," the CM said.
Tourism and mining sectors are mainstays of the Goan economy.


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