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MINING ROYALTY IMPACT
Mining tax case: Odisha to get a Rs 1 lakh crore bounty from SC ruling. What about others?Odisha stands to reclaim over Rs 1 lakh crore following the Supreme Court's approval of retrospective tax collection on mineral-bearing lan...16 Aug, 2024, 01.44 PM IST- 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...14 Aug, 2024, 02.03 PM IST
- 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...31 Jul, 2024, 11.54 AM IST
- Centre may amend MMDR Act to prevent further leviesSome companies could face dues running into thousands of crores if Thursday's Supreme Court order is applied retrospectively. This is becau...25 Jul, 2024, 11.44 PM IST
- Centre moves SC for early hearing in Goa mining caseThe SC has agreed to hear the matter shortly where Goa Mining People's Front (GMPF) had also filed an IA in February 2019.14 Mar, 2019, 10.37 PM IST
- Earnings of metal firms set tp be hit by higher royalty, mineral auctionThe upcoming mineral auction too is likely to dent their profitability, at a time when domestic demand is weak and international metal pric...22 Apr, 2015, 02.35 PM IST
- Iron & steel industry: Royalty hike may compound woesThe Indian iron & steel industry, which is struggling to cope up with lower demand and falling steel prices could be further.27 Jun, 2013, 04.29 AM IST
- Mining industry demands cut in iron ore royalty to 7.5%A study group appointed by the Mines Ministry has circulated its recommendations, including hike in royalty on iron ore to 15 per cent.26 Jun, 2013, 06.03 PM IST
- Mines Ministry panel proposes 50 pc hike in iron ore royaltyThe Mines Ministry-appointed study group has proposed revising royalty rate on iron to 15 per cent from 10 per cent now, a proposal miners'...25 Jun, 2013, 10.38 PM IST
- Government wants to speedily convert Mines Bill into legislation: Manmohan SinghThe government intends to convert the draft Mines Bill into legislation soon for the benefit of the country's tribal community.15 Aug, 2012, 04.29 PM IST
- Taxing time for India's metal, mining companies: MacquarieMining Bill is expected to reduce the profits of pure-play mining companies like NDMC and Hindustan Zinc by 9 %.03 Oct, 2011, 05.30 PM IST
- Royalty plays important part in mining economics: Arun KediaIn a chat with ET Now, Arun Kedia, CFO, Adhunik Metaliks, talks about the mining policy. Excerpts.27 Aug, 2010, 12.28 PM IST
- New ore royalty maths to hit steel makersThe move will impact the business plans of companies such as Tata Steel, SAIL, Posco and ArcelorMittal, but increase the government’s reven...28 Dec, 2009, 05.58 AM IST
- Ad valorem to make ore royalty heavierThe government is close to finalising a new system of royalty payments for minerals which will double the revenue that states earn but incr...24 Jun, 2009, 01.04 AM IST
- Govt puts mineral royalty hike on holdInlation has taken a toll on yet another reforms initiative.03 Jun, 2008, 03.05 AM IST
- Iron ore royalty may see 10-fold increaseIn what may impact the business plans of companies like Tata Steel, SAIL, Posco and LN Mittal group’s Mittal Steel, the government is prepa...13 Mar, 2008, 12.28 AM IST
- Govt mulls rise in royalty rates for steel inputsWhile the new royalty rates would impact steel making and iron ore mining companies alike, it would enrich the states’ royalty earnings by ...09 Jan, 2008, 01.41 AM IST
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