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DMF RATES
NMDC hikes iron ore prices by Rs 200 tonneState-owned NMDC has raised iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump ore is now priced at Rs 5...- Gujarat: CAG points out flaws in implementation of central scheme for mining-affected areasThe CAG report reveals flaws in Gujarat's implementation of the PMKKKY scheme, intended for mining-affected areas. Deficiencies include sel...
- Coal-producing states earn revenue worth Rs 1.52 lakh cr in last 9 yrs: CentreCoal-producing states earned Rs 1.52 lakh crore from royalty, DMF, and NMET in the last nine years. The coal mining sector significantly co...
- NMDC fixes ore prices at Rs 4,950 per tonneState-owned NMDC on Tuesday fixed the rates for lump ore and fines at Rs 4,950 and Rs 4,210 per tonne, respectively. Lump ore, or high-grad...
- Comprehensive CAG audit for all district mineral foundationsDMFs are statutory authorities, operating like a trust, which a state government sets up in districts affected by mining. They are funded t...
- Odisha to refund excess royalty on inferior coalOdisha is expected to reimburse over ₹300 crore royalty for coal supplied by Mahanadi Coalfields Ltd (MCL), a Coal India unit, between Apri...
- Government to put over 100 mineral blocks in next round of auctionTomar said following changes in mining laws, the states have earned nearly Rs 19,000 crore under District Mineral Foundation (DMF) so far.
- Iron ore miners' contribution to DMF seen at Rs 1,530 crore: India RatingsThe new iron ore miners' contribution regulations notified last week will see miners coughing up around Rs 1,530 crore to the DMF, says a r...
- Government notifies contribution due to be made by existing miners at 30%This will be part of a newly launched scheme, Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) for welfare of mining-affected people.
- Mines ministry may generate Rs 6000 crore funds under DMFIn the countdown to the notification, government sources indicated the rate is likely to be fixed at 30 per cent for existing and 10 per ce...
- PMO vetting District Mineral Foundation guidelines; likely to notify this weekThe mines and mineral law stipulates creation of a DMF for the interest and benefit of the persons and areas affected by mining-related ope...
- FICCI seeks moderation in tax rates in mining sectorA steep fall in prices of major minerals has generated an appeal for moderation in tax rates in the mining sector. The issue pertains to mi...
- Mining firms to pay 30 per cent royalty on exisiting mines; 10 per cent on newThese payout rates are much lower than the rates prescribed in the new mining law — 100% of royalties for existing and 33% for new mines.
- Government likely to fix miners' contribution to DMF at 30%The Mines Ministry is likely to set miners' contribution to the District Mineral Foundation (DMF) at 30 per cent and will notify the guidel...
- Naxal-affected districts to benefit from mineral richesThis chunk of mining royalties would help supplement the government’s efforts to develop the backward districts where Left-wing extremism h...
- Cash-rich miners like NMDC, Hindustan Zinc to take a hit by new mining lawEarnings of cash-rich miners such as NMDC and Hindustan Zinc are likely to be hit by the provision in the new mining law to provide higher ...
- Mining stocks snub DMF concerns, surge up to 3%; Hindalco top gainerMetal cos had been witnessing selling pressure for the past two sessions, thanks to DMF. But the counters gained up to 3.33% in today's ses...
- District mineral fund will make mining unviable: AssochamThe non-profit body would be funded by an additional levy related to royalty, the rate of which will be prescribed by the Centre.
- Governance should build compliance with global environmental, social & human rights standardsThe price of a non-renewable resource should grow at the market interest rate, with resource depletion compensated for by returns from subs...
- Top industry bodies demand royalty cut on non-ferrous mineralsRoyalty rates on minerals are decided by the government and revised every 3 years. Current royalty rate on zinc and lead is 8.4% and 12% re...
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