Goa mining impasse needs holistic approach for redressal
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India, April 9 -- Goa, the smallest State in India, is blessed with abundant mineral deposits such as iron ore, manganese ore, bauxite and so on. Tourism and mining have been the mainstay of Goa's economy and these two sectors are the major sources of livelihood for the locals.
Due to the mining stoppage, the State was already faced with the perilous problem of falling revenue and the same has been exacerbated due to the COVID-19 pandemic, leading to Goa witnessing its worst economic crisis. The State is borrowing extra money to the tune of Rs 100 crore every month through the Reserve Bank of India (RBI) in the current financial year to bridge the fiscal deficit which will further add to the financial woes and create a debt crisis in the...
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