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MMDRA ACT
Mining royalty case in SC: Centre says PSUs' burden would top Rs 70,000 cr if ruling made effective retrospectivelyThe Central government opposed states' plea in the Supreme Court for a refund of royalty levied on mines since 1989, arguing it would burde...- Mining operators case: SC through majority opinion holds that royalty is not in the nature of taxA nine-judge Supreme Court bench, led by Chief Justice DY Chandrachud, has clarified that royalty is not considered a tax. This statement w...
- SC reserves verdict on whether royalty on minerals is taxThe Supreme Court reserved its verdict on the taxation of minerals royalty under the Mines and Minerals Act, addressing the conflicting vie...
- View: Govt must implement a reform agenda in mining sector to realise its full potentialThe mining sector in India is highly underdeveloped relative to its enormous potential.
- Mining rule change may allow NMDC to resume operations at its Karnataka mineNew Law makes it mandatory for the state to renew lease to Donimalai mine.
- Govt allows SAIL to sell 25% iron ore output in open marketThe country's largest steel maker, under the Ministry of Steel, has over 20 captive mines spread across Jharkhand, Odisha, Chhattisgarh and...
- Law update in the works to clarify illegal miningAmendment to impact Tata Steel, Coal India Ltd and SAIL that are facing hefty penalties because of a SC order on violation of environment a...
- Mapping the market: FIIs play party pooper, but dividends & MMDRA rejig lift the moodD-Street ended the 6-day-long post-Budget party. On Wednesday, Nifty50 had dropped a hint that the good times were ending. Sensex tanked 17...
- Odisha auctions first iron ore mine; government to earn Rs 11,300 croreThe total revenue includes a royalty of around Rs 2,779 crore, DMF contribution of Rs 278 crore, NMET contribution of Rs 56 crore.
- Ultratech calls off deal with Jaiprakash Associates to acquire Rs 5,400 crore worth plantsUltratech Cement today said it has called off a deal with Jaiprakash Associates to acquire its two plants in Madhya Pradesh for an enterpri...
- KKR, UltraTech & Dalmia in race to buy Jaypee’s cement business in Rs 18,000-crore DealEach of the non-binding bids has put an enterprise value in excess of Rs 18,000 crore on the 21-million-tonne-a-year business, sources said.
- Posco exits office; may have finally given up on Odisha project"The Odisha government failed to show serious commitment for the project," said a former Posco official who asked not to be named.
- HZL sees global zinc demand firming up 4-5% annuallyGlobal zinc demand is expected to grow 4-5% per annum on the back of higher infrastructure spend and strong automobile sales, HZL said toda...
- Consider Utkal E coal block for Nalco: Parliamentary committee to governmentThe Utkal--E coal block is among the 204 de-allocated by the Supreme Court in September last year.
- Centre pushes states to set up District Mineral Foundations under MMDRAThe Centre asked the states to speed up the process of setting up District Mineral Foundations (DMFs) under the New Mines Act for the benef...
- Winning bidders for mineral block to pay 0.5% upfront paymentThe Centre has proposed an upfront payment of 0.5 per cent of value of resources by companies who secure licence for mining major minerals ...
- Cabinet says no to MMDR OrdinanceFinance minister Arun Jaitley had cautioned against resorting to this route frequently, following which the mining ordinance was shelved.
- Ban-hit Goa mining industry sees ray of hope in BudgetFinance Minister Arun Jaitley, in his maiden Budget speech, proposed to expeditiously resolve the "current impasse" in mining industry.
- Inter-ministerial committee to meet on Friday; may finalise list of PSUs to be alloted minesCoal Ministry has received over 300 applications, including 235 from power sector and 38 from mining firms, for the allocation of coal bloc...
- Rio Tinto may soon get licence to mine diamonds in MPThe mines ministry on Friday said the government will soon grant licence to global mining giant Rio Tinto to mine diamonds in Madhya Prades...
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