Word “royalty”

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..... oyalty is equivalent to the expression jura regalia or jura regia . Jura regalia is defined as royal prerogatives or rights. Ramanatha Aiyar, Advanced Law Lexicon (Volume 3) 2789 For centuries, gold and silver mines (also called as royal metals) in the United Kingdom were treated as belonging to the Crown. Royal metals could be mined only after payments in the form of royalties were made to the Cr .....

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..... royalties and the economic theory of economic rent , where the owner of a scarce resource in this case, the State is entitled to a share of the profits derived from its exploitation. This perspective highlights that royalties are a payment for the right to extract and utilize the State s natural resources, rather than a levy aimed at raising general revenue. (MINERAL AREA DEVELOPMENT AUTHORITY- 20 .....

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