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KARNATAKA MINING TAXES
Lower house passes amendments curbing states power to tax mineralsLok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, curbing states' powers to impose taxes and cess ...- Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interferenceIn Maharashtra, over 36,000 private companies have been dissolved within the last five years, particularly affecting the business services ...
- States should mine more, not tax more: The fiscal lesson from OdishaNew legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral pr...
- Mines Act update proposes to curb states' tax powersThe Centre has proposed limiting states’ powers to impose taxes, cess and other levies on mineral rights and mineral-bearing land, seeking ...
- Centre proposes to curb powers of states to tax mineralsThe central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the ...
- 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...
- 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 economyIt 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.
- Sesa Goa Q3 net profit falls 35% to Rs 692 croreSesa Goa, India's largest exporter of iron ore and part of Vedanta Resources, on Wednesday said its fiscal third quarter net profit fell 35...
- Karnataka: Reddys in trouble for Rs 86cr tax evasionIncome 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 evasionI-T sleuths unearthed under-invoicing and tax evasion of around Rs 86 cr by Obulapuram Mining Company (OMC), run by Karnataka’s Reddy broth...
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