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...
24 Apr, 2026, 09.34 AM IST
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...
06 Apr, 2026, 12.54 PM IST
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...
23 Mar, 2026, 10.50 AM IST
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...
21 Mar, 2026, 12.47 AM IST
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...
06 Mar, 2026, 06.15 PM IST
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 ...
13 Jan, 2025, 07.36 AM IST
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...
09 Jan, 2025, 05.53 PM IST
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...
09 Jan, 2025, 05.51 PM IST
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...
01 Jan, 2025, 07.05 AM IST
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.
07 Jul, 2016, 01.42 PM IST
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...
07 Oct, 2015, 09.29 PM IST
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...
12 Dec, 2013, 04.10 AM IST
- 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...
07 Feb, 2013, 04.00 AM IST
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.
31 Dec, 2012, 04.23 PM IST
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.
10 Aug, 2012, 04.48 AM IST
- 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...
27 Dec, 2010, 07.17 AM IST
- 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...
27 Dec, 2010, 04.46 AM IST