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MINERAL EXTRACTION TAX
Building resilient supply chains through an India-Chile partnershipChile, a major global player in critical minerals like copper and lithium, presents a compelling strategic alliance opportunity for India. ...- Sri Priyanka Geo Commex IPO opens for subscription today. Check GMP, price band and other detailsRetail investors can bid for a minimum of 1,200 shares, requiring an investment of Rs 2.54 lakh at the upper end of the price band. The min...
- L’Oréal adds Innovist to cart; HealthQuad's new fundHappy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2C deal. This and more in today’s E...
- Can Brazil become a major rare earths supplier?Brazil sits atop a potential bonanza of rare earths that has sparked global interest, led by Washington, as demand surges for the increasin...
- Iran war doubles Russia's main oil revenue to $9 billion in AprilIn a remarkable twist for Russia's economy, oil tax revenues are projected to soar to $9 billion by April, doubling amidst the turbulent gl...
- Tax breaks help Russian oil exporters stay afloat as discounts deepenRussian oil exports face steep discounts, nearing record levels. This pressure on exporters' profits is driven by weak global oil prices an...
- Tapping minerals, pushing deep: Can India become a global leader in the critical minerals sector?India's mineral industry, a major global producer, is poised to grow with the introduction of the National Critical Mineral Mission. Govern...
- No relief for miners: SC denies pleas to review mineral royalty judgmentThe Supreme Court dismissed petitions to review a ruling that ‘royalty’ paid by mining operators is not a tax. This decision, upheld by an ...
- Centre seeks review of SC's mineral royalty judgment, points out 'apparent errors'The Centre is seeking a review of the Supreme Court's decision allowing states to collect royalty and tax on mineral-bearing land. The ruli...
- India needs to develop mineral strategy for the entire value chain, from exploration to recyclingFrom FY19 to FY24, India's mineral production growth has stagnated, with many major minerals seeing only single-digit growth or decline, pe...
- Constitution doesn't give Parliament entire universe on mines and mineral development: SCEntry 54 of List 1 of the 7th Schedule (union list) talks about "Regulation of mines and mineral development to the extent to which such re...
- NITI Aayog proposes incentives for processing and refining of minerals in lithium-ion batteriesNITI Aayog has proposed incentives in the form of tax benefits and a production linked incentive scheme to encourage production and refinin...
- Russia's Putin approves tax breaks for ammonia, hydrogen production in ArcticRussian President Vladimir Putin approved on Monday nullifying mineral extraction tax for natural gas used in the production of ammonia and...
- Russia to introduce fixed oil differentials for taxation to boost state coffers: SourcesRussia currently uses Urals price assessments in Europe's Rotterdam and Augusta ports, provided by commodity price reporting agency Argus, ...
- Mineral mining rights liable to GST: AARThe ruling was given on an application filed by Pioneer Partners, engaged in mining of boulders and extraction of minerals, which had secur...
- Rs 60,000 crore Odisha mining scam under scanner of black money SITThe Supreme Court-appointed special investigation team (SIT) on black money turned the spotlight on the Rs 60,000 crore Odisha mining scam.
- 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.
- Along with a policy on gas pricing, India needs a policy to tax hydrocarbonsMarket-determined pricing of gas is possible only when a well-distributed gas pipeline network has been laid and supply has been stepped up...
- Make mining work for tribal welfare, grant a hefty royalty to local communityKishore Chandra Deo has reportedly written to the governors of nine states asking them to cancel mining concessions granted in violation of...
- Mining gets some service tax reliefThe govt has decided that the industry will not be liable to pay tax on services related to activities such as coal cutting or mineral extr...
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