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KARNATAKA MINERAL TAX
NMDC hikes iron ore prices by up to 11.1% effective April 5In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented producti...- Pie in The Sky: Kumaraswamy holds key to Siddaramaiah’s Rs 3000 Cr mineral tax dreamsKarnataka aims to collect Rs 3,000 crore from a new mining tax in 2026-27. The state government amended its mineral rights law to introduce...
- Siddaramaiah seeks President's nod for 7 key Karnataka billsKarnataka Chief Minister Siddaramaiah met President Droupadi Murmu to request approval for seven crucial bills passed by the state legislat...
- NMDC FY25 consolidated net profit 17% up at Rs 6,538 crore; auditor flags retrospective levy by Karnataka governmentNMDC reported a 17.37% rise in FY25 net profit to ₹6,538.82 crore, with income rising to ₹25,498.84 crore. The company paid ₹2,901 crore in...
- Cement prices likely to increase due to new mineral tax by states: ReportCement prices in various states may rise as Tamil Nadu introduces a Rs160 per tonne tax on limestone mining, following a Supreme Court judg...
- K'taka Guv returns bill on mineral tax, seeks clarification from GovtKarnataka Governor Thawar Chand Gehlot returns a bill proposing new taxes on mineral rights and mineral-bearing land, seeking clarification...
- Centre mulls legal options to soften Karnataka’s new levies on miningThe Centre explores legal options to alleviate the impact of Karnataka's new levies on minerals, addressing concerns from mining and steel ...
- Tax on Minerals: Union Steel & Law Ministers discuss impact of Karnataka's new levy on steel & mining sectors, annual outputUnion Ministers HD Kumaraswamy and Arjun Ram Meghwal discussed the impact of Karnataka's proposed taxes on mineral-bearing lands after mini...
- Steel Minister Kumaraswamy red flags high mineral tax by Karnataka governmentUnion Steel Minister H D Kumaraswamy has stated that additional taxes by Karnataka on mining operations will negatively impact the steel an...
- NMDC shares fall up to 7% as Karnataka govt's iron ore levy plans weigh on sectorNMDC Share Price: NMDC shares dropped 7% to ₹211.55 on NSE amid reports of Karnataka planning to hike iron ore duty. Over 2.5 crore shares ...
- SC dismisses plea against order allowing states to levy tax on mineralsThe Supreme Court dismisses review petitions challenging its ruling that states can levy taxes on mineral-bearing lands. The Centre argues ...
- No relief for miners: SC denies pleas to review mineral royalty judgmentThe Supreme Court dismissed petitions to review a ruling that ‘royalty’ paid by mining operators is not a tax. This decision, upheld by an ...
- Mining tax case: Odisha to get a Rs 1 lakh crore bounty from SC ruling. What about others?Odisha stands to reclaim over Rs 1 lakh crore following the Supreme Court's approval of retrospective tax collection on mineral-bearing lan...
- Mining, for states to tax and take careThe Supreme Court affirmed state governments' authority to levy taxes on mineral rights. It distinguished royalty from tax and enhanced rev...
- JSW Steel gets service tax relief on ore purchasesThe revenue department had claimed that since JSW had received services from the monitoring committee, it was liable to pay service tax und...
- Supreme Court to hear Karnataka mining industry plea on abolition of SPV tax on July 11The Supreme Court will on July 11 hear a case on imposition of duplicate taxes by the Karnataka government on iron ore mining industry.
- Vedanta urges Centre for reasonable tax regimeVedanta today urged the government for a reasonable taxation regime, saying that iron ore mining companies shell out as high as 45 per cent...
- Karnataka miners accuse steel companies of benefitting from Bellary scamA lobby group of mineral miners has alleged that some steel makers in Karnataka were among the beneficiaries of the Bellary mining scam, in...
- Bans are devoid of logic and hurt the economyIt is scandalous that the infamous Reddy brothers in Bellary, Karnataka, were able to mine illegally with impunity and brazenly received po...
- Budget 2012: Tax at source on minerals, to discourage middlemenBudget 2012 sought to reduce unregulated trading of crucial minerals including iron ore, by bringing such transactions directly under the t...
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