New Delhi:
A labourer’s luck shone on Wednesday in Panna district of Madhya Pradesh. He discovered a 19.22 carat diamond within the well-known diamond mine of Panna. It’s estimated that this diamond can be auctioned by the federal government by which it could possibly get a worth of about 80 lakh rupees or extra. Labourer Raju Gaur was attempting his luck by digging within the mine for the final ten years. He didn’t know that someday his luck would shine like this. The query is how a lot quantity will Raju get from the worth of this diamond?
Raju Gaur hopes that the cash he will get after the public sale of the diamond will scale back his monetary difficulties and can have the ability to meet the bills of his kids’s schooling. He advised information company Bhasha that he was very blissful to discover a diamond within the mine positioned in Krishna Kalyanpur and he instantly deposited it with the federal government officers.
Labourer Raju will educate his kids and purchase a farm
Raju Gaur mentioned that he had taken the mine the place the diamond was discovered about two months in the past. He mentioned that he’ll spend this cash on his kids’s schooling and purchase land for farming
Anupam Singh, an official of the diamond workplace positioned in Panna, mentioned that this diamond can be put up on the market within the subsequent public sale. Collector Suresh Kumar mentioned that the 19.22 carat diamond discovered within the mine may be offered for Rs 80 lakh or extra within the public sale. He mentioned that this diamond can be put up for open bidding within the subsequent public sale.
Officers mentioned that the uncooked diamond can be auctioned and the revenue can be given to the labourer after deducting authorities royalty and taxes.
Raju Gaur will get the cash after the public sale of the diamond
In response to authorities officers, the diamond found by Raju can be value not less than Rs 80 lakh within the public sale. In response to authorities guidelines, the federal government provides cash to the diamond finder after deducting revenue tax and royalty. Accordingly, 30 % revenue tax and about 12 % royalty can be deducted on the revenue from diamonds. If the diamond is auctioned for Rs 80 lakh, then revenue tax of Rs 24 lakh and royalty of about Rs 10 lakh can be taken. On this method, Raju will get a complete of about 46 lakh rupees.
Panna district positioned in Bundelkhand area of Madhya Pradesh is estimated to have a diamond reserve of 12 lakh carats. Diamond mining work has been happening in India even earlier than independence. The historical past of extracting diamonds from Panna district is 300 years previous. Earlier than independence, diamond mines have been operated below the safety of the royal household. Later, the district administration began giving leases for diamond mines. Since 1961, this work is being executed by the diamond workplace.
A diamond mine lease is obtainable for Rs 250
For diamond mining in Panna, a authorities lease needs to be created from the diamond workplace. After this, the diamond workplace provides a bit of land. After this, digging is began there. After eradicating a number of ft of soil, the soil and pebbles discovered are put in one other pit and washed with water. After eradicating the soil, solely pebbles stay. Diamonds may be present in these pebbles. Any citizen of India can seek for diamonds in Panna by getting a lease for Rs 250. The period of a lease is six months. In the meantime, if a diamond is discovered, it needs to be deposited within the diamond workplace of Panna. There, cash is given after deducting the worth of the diamond as per authorities guidelines.
If a diamond is discovered wherever within the nation, it’s a rule at hand it over to the federal government diamond workplace. On this, the cash is given after deducting the tax on the revenue from the sale of diamonds and deducting 11.5 % royalty. Royalty, lifeless lease, tax and different expenses are taken from the license holders of the mine.