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MINERAL TAXATION
Gold rush missed: Can India dig its way out of import dependence?India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from...- India-Oman CEPA kicks in June 1: What gets cheaper, which sectors gain, and key benefits explainedIndia's Comprehensive Economic Partnership Agreement with Oman comes into effect on June 1, granting New Delhi 100% duty-free access for 98...
- To tax or not to tax mineral rights in India? SC to hear pleas on May 20The Supreme Court will hear pleas on May 20 concerning legislative power to tax mineral rights, as the Centre's curative petition is pendin...
- 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...
- 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...
- SC to look into Centre's mineral tax pleaThe Supreme Court has agreed to reconsider the Centre's petition seeking an expedited review of a prior decision that upheld state powers t...
- Centre moves Supreme Court against verdict on mineral taxation rightsThe Centre has filed a curative petition in the Supreme Court against the verdict that states have the power to tax mineral rights. This ac...
- Efforts on to settle issue of recovery of mining royalty, tax dues with certain states: Centre to SCThe Centre is working to resolve royalty and tax disputes on mineral rights with states like Jharkhand. The Supreme Court deferred hearing ...
- State governments should not tax minerals excessively, says Kishan ReddyUnion Mines Minister G Kishan Reddy urged state governments to refrain from imposing higher taxes on minerals, as it would increase the cos...
- GCCI seeks urgent review of Supreme Court's mineral taxation rulingThe Goa Chamber of Commerce and Industries (GCCI) has called for a review of the Supreme Court's mineral taxation ruling, citing concerns o...
- Spectre of retrospective taxation hangs again: EAC-PM member on mining royalty verdictThe Supreme Court's July 25 verdict permitted states to collect past royalties and taxes on mining since April 2005, causing concerns over ...
- Mining, for states to tax and take careThe Supreme Court affirmed state governments' authority to levy taxes on mineral rights. It distinguished royalty from tax and enhanced rev...
- Bharat Diamond bourse traders whine about higher costIndia's exports of cut and polished diamonds had declined 10.62 per cent in August from a year earlier.
- 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...
- Goa miners grapple with high taxation, lower ore pricesGovernment records showed that of the approximately 15 millions tones of ore that was to be auctioned, only around 5.64 mt saw the light of...
- Vedanta Resources moves Supreme Court against double taxationVedanta Resources said it has sought Supreme Court’s intervention to stop what the company called double or duplicate taxation on mining in...
- Tax code brings cheer to SMEsSmall businesses having a turnover of up to Rs 1 crore could see a substantial reduction in their tax liability and compliance costs once t...
- Nelp-VII bids: Deadline extended yet againThe petroleum ministry has again postponed the last date for bidding for 57 hydrocarbon blocks under the seventh round of the New Explorati...
- Tax holiday haze still hangs heavy over natural gas productionUncertainty over seven-year tax holiday for exploration & production (E&P) of natural gas is far from over even after finance ministry’s as...
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