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KARNATAKA MINING TAXES
KSIIDC pays Rs 143 crore dividend to Karnataka govt; FY25 profit at Rs 188 crore: MB PatilKarnataka State Industrial and Infrastructure Development Corporation (KSIIDC) has presented a dividend exceeding Rs 143 crore to the state...
Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demergerVedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlo...
In war, anything can happen; in investing, only management matters. 6 stocks from different sectors with upside potential of up to 27%Net margin is a useful metric. It tells you how much profit remains after costs, interest, and tax are deducted from revenue. But it does n...
Gram panchayats boost own earnings, fund schools, flood control and digital accessIndian villages are achieving financial independence. Gram panchayats are boosting tax collections and using their own funds for schools, f...
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...
Vedanta shares plunge 5% as SC rules conglomerate not entitled to concessional rates for high-speed dieselVedanta shares fell after the Supreme Court upheld a ruling denying concessional diesel rates under Form C, citing misuse beyond mining pur...
Concessional diesel: No relief for VedantaThe Supreme Court has backed a High Court decision against Vedanta. The company will not get cheaper diesel. This is because Vedanta used t...
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...
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...
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...
Paralysis in ore mining renders 1 lakh jobless: Vedanta ChiefThe tweet comes against a backdrop of the mining ban hitting the two states hard. The govt has already said it is keen on starting ore mini...
- Bans are devoid of logic and hurt the economy
It is scandalous that the infamous Reddy brothers in Bellary, Karnataka, were able to mine illegally with impunity and brazenly received po...
IT dept taking Rs 3,000 crore hit following mining activity banIncome Tax department is taking a hit of up to Rs 3k crore in tax collection following a Supreme Court-enforced ban on mining activity.
Illegal iron mining in Karnataka cost India Rs 50,000 crore: SC-appointed panelThe Committee told the court not only was there illegal mining in the state but also concealment of the actual sale of the ore by pvt firms.
- Karnataka: Reddys in trouble for Rs 86cr tax evasion
Income tax sleuths unearthed under-invoicing and tax evasion of around Rs 86 crore by OMC, run by Karnataka's Reddy brothers and also their...
- Reddys in trouble for 86cr tax evasion
I-T sleuths unearthed under-invoicing and tax evasion of around Rs 86 cr by Obulapuram Mining Company (OMC), run by Karnataka’s Reddy broth...