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KARNATAKA MINING LEVIES
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...
- State governments should not tax minerals excessively, says Kishan ReddyUnion Mines Minister G Kishan Reddy urged state governments to refrain from imposing higher taxes on minerals, as it would increase the cos...
- 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...
- Centre to mediate high state taxes stifling mining operationsThe Centre intends to consult with states to curb excessive taxation on mining operations, addressing concerns from the sector. This follow...
- Vedanta moves SC against Goa cessChallenging a Bombay High Court order on January 10 that dismissed its plea, Vedanta said the impugned levy is a tax and not a fee since it...
- NMDC's Donimalai iron ore mine to be operationalised, Govt extends mining leaseThe development comes as a major relief to steelmakers in Karnataka and various stakeholders and steelmakers as there is an acute shortage ...
- 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.
- PSU power companies appoint EMTA for their blocksThe state utilities earlier had their mines cancelled by the Supreme Court as they floated joint ventures with EMTA that held a 74% stake i...
- Ordinance tweaked to help coal PSUs avoid penalty of almost Rs 4,000 croreThe ministry is expected to soon come out with the first tranche of tenders for about 17 coal blocks for allocation to government companies.
- Centre to collect Rs 10,000 crore as additional coal levy: Piyush GoyalIn case of 42 coal blocks, 37 of which are producing and five are likely to commence operations, the cancellation will take effect from Mar...
- Odisha: Miners to get respite as panel unlikely to recommend complete ban on mining activitiesThe Central Empowered Committee (CEC) is also unlikely to defend the state's claim of Rs 60,000 crore from miners for excess mining.
- 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...
- Illegal mining in 2006-11 resulted in lose of Rs 3414.45 croreThe illegal mining committed during 2006-11 in three districts of Karnataka has resulted in the state losing a revenue of Rs 3414.45 crore ...
- Karnataka mining scam may have cost exchequer Rs 50,000 croreConsidering that the recent e-auction for just 26.58 mn tonnes, the loss to the state exchequer works out to Rs 7,000 crore every year over...
- Union Budget 2012: Miners seek export levy, rail freight rationalisationIron ore industry hopes to get some respite in the form of duty rationalisation in exports along with freight charges in Budget.
- Supreme Court adjourns Karnataka illegal mining case trialThe Supreme Court has adjourned the hearing on a case related to illegal mining in Karnataka by two weeks.
- SC allows iron ore mining in Bellary by NDMCThe Supreme Court today allowed state enterprise NMDC to operate its two mines for production of iron ore in Karnataka's Bellary district.
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