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DISTRICT MINERAL FOUNDATIONS
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...- Comprehensive CAG audit for all district mineral foundationsDMFs are statutory authorities, operating like a trust, which a state government sets up in districts affected by mining. They are funded t...
- Government says 214 mineral blocks put on sale since 2015As compared to the auction of 108 mineral blocks in six years from 2015 to 2021, 106 blocks have been put on sale in one-and-half years sin...
- Centre seeks to amend PMKKKY for effective use of DMF fundsThe govenrment in 2015 launched the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) scheme to provide for the welfare of areas and peo...
- States used Rs 1,460 crore from district mineral foundation fund to combat COVID-19The total funds available under DMF as on March 28, 2020 was to the tune of Rs 14,694.47 crore, the ministry said. "State governments are c...
- 316 District Mineral Foundation Trusts exempted from income tax: Coal and Mines Minister Pralhad JoshiDistrict Mineral Foundation (DMF) is a non-profit statutory 'Trust', which been created in each district under the provisions of Mines and ...
- CBDT notifies rules on tax exemption for District Mineral Foundation TrustsThe Board has specified conditions for availing the exemption. The Trust cannot engage in any commercial activity and activities and nature...
- Subsume multiple levies into GST to cut tax burden on mining sector: FicciUnderlining multiple challenges coupled with disruptions due to coronavirus lockdown, Ficci has also sought deferment of royalty and contri...
- Government to put over 100 mineral blocks in next round of auctionTomar said following changes in mining laws, the states have earned nearly Rs 19,000 crore under District Mineral Foundation (DMF) so far.
- Odisha gets Rs 3,548 crore to develop mineral bearing areas"The total contribution received in the DMF Trust Fund till October this year stands at Rs 3,548 crore," Chief Secretary A P Padhi said.
- States discuss deferment of e-auction of mineral blocks at meeting of state mining ministersThe outcome of auctions is being affected by factors like quantity and grade of ore, quality of the mineralization studies, land ownership ...
- Govt to get over Rs 6,700 crore from auction of two limestone blocksGovernment is expected to earn a revenue of over Rs 6,700 crore after Chhattisgarh successfully conducted mine lease auction for two large ...
- ACC Q3 net down 40%, says economic revival slow than expectedThe company, which follows January to December as its fiscal year, had posted a net profit of Rs 192.60 crore during the same period last y...
- Government notifies miners contribution to District Mineral FoundationThe govt said miners who were awarded leases before January 12, 2015 will have to contribute 30 per cent of the royalty to the DMF.
- PMO vetting District Mineral Foundation guidelines; likely to notify this weekThe mines and mineral law stipulates creation of a DMF for the interest and benefit of the persons and areas affected by mining-related ope...
- Government likely to fix miners' contribution to DMF at 30%The Mines Ministry is likely to set miners' contribution to the District Mineral Foundation (DMF) at 30 per cent and will notify the guidel...
- Jharkhand to start work on auction of mining leases within a monthJharkhand is slated to start work on auction of mining leases within a month and likely to set up the District Mineral Foundation within th...
- 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...
- Mining cos may have to pay annual compensation to land losersThe revised legislation for mining, currently being prepared by a group of ministers, has proposed a slew of concessions to those affected,...
- Mining project payouts to go to womenPetro ministry had recently made 50% female ownership must for any cooking gas dealership in rural India.
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