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MINING ROYALTY
Quote of the day by Princess Diana: ‘People think that at the end of the day a man is the only answer. Actually…’ Timeless message about work, independence and fulfillmentQuote of the day: This quote continues to resonate because it addresses a challenge nearly everyone faces: seeking genuine fulfillment in a...- This weapon found in an Egyptian pharaoh's tomb wasn't made on Earth. Scientists solve a 3,000-year-old mysteryA mysterious iron dagger found in King Tutankhamun's tomb was made from space metal. Scientists confirmed the weapon's blade contains meteo...
- Egyptian Pharaoh Tutankhamun had 'alien' weapon that came from space? Scientists' 2016 discovery revealed the truthTutankhamun iron dagger: A mysterious iron dagger discovered in the tomb of King Tutankhamun has finally had its origin explained. Scientis...
- Supreme Court upholds higher mining royalty after law changeThe Supreme Court ruled that state governments can charge higher royalties from mining companies if laws change after a tender agreement. I...
- Not a minor issue! Andhra CM N Chandrababu Naidu raises Major Laterite Matter with CentreAndhra Pradesh Chief Minister N Chandrababu Naidu has raised concerns over a recent Union government policy change. This change reclassifie...
- Vedanta shares fall after media reports of ED searches at Mumbai, Delhi officeVedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its paren...
- Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oilVedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for t...
- 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...
- Govt amends pricing norms for low-grade iron ore to check wastage, boost steel supplyThe government has revised pricing norms for low-grade iron ore, including Banded Haematite Quartzite and Jasper, to encourage its utilizat...
- Rules allowing inclusion of contiguous mining area notifiedNew rules allow mining lease holders to expand their areas. This applies to deep-seated minerals and associated minerals. The contiguous ar...
- 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...
- 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 can lower royalties to minimise impact on mining companies post Supreme Court ruling: Ambit Capital"Interestingly, since WB (West Bengal) has been collecting mining tax all these years, it's the only state that is deprived of enhanced roy...
- How Tata Steel and JSW Steel will be impacted by SC ruling on mining royaltyTata Steel, JSW Steel, and other mining companies might face increased costs due to additional state-imposed mining taxes, as per a Supreme...
- Mining tax case: SC ruling on royalty case may cut Indian mining cos a Rs 2 lakh crore billA Supreme Court ruling affirmed the power of Indian states to levy taxes on mineral rights, possibly resulting in arrears amounting to Rs 1...
- 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, steel companies may move court over GST on royalty, licence feesAs per the current regulations, mining companies pay licence fees to state governments and pay either royalty annually or based on conditio...
- Odisha to put more mines for auctionThe government, which had set a target of mining revenue collection at Rs 6,000 crore during 2015-16, could generate Rs 3,650 crore by the ...
- Mining cos paid Rs 4,488 cr royalty to states last fiscalThe contribution of mining firms, excluding those producing coal and lignite, to the state exchequers as royalty rose by a little over 9 pe...
- Mines ministry pushes for new iron ore royalty mathsThe mines ministry will push for a new system of calculating royalties instead of the current practice of basing it on an average price det...
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