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MINOR MINERAL LEVY
Maharashtra withdraws 2023 circular on minor mineral levy during land developmentMaharashtra government withdrew a May 2023 circular on minor mineral royalty. This move provides relief to developers facing legal disputes...- West Bengal orders crackdown on illegal mining to plug revenue leakagesIn a decisive move, West Bengal's Chief Minister Suvendu Adhikari has instructed all relevant departments to clamp down on the financial dr...
- Limestone levy may eat into Tamil Nadu cement companies' marginsCement producers in Tamil Nadu face profitability pressures due to a new state levy on limestone, increasing raw material costs. Dalmia Bha...
- Centre sweetens sops for exploring critical and strategic mineralsAn official statement said a 25% exploration incentive for agencies engaged in discovering Critical and Strategic Minerals will “significan...
- View: India's path to developed economy status hinges on natural resource managementIndia's natural resources sector faces import challenges but holds potential for growth and self-sufficiency. Strategic management, revenue...
- Reduced penalties proposed for small mining companiesIndia reported mineral production worth ₹1.18 lakh crore in fiscal 2022-23, down from ₹ 1.33 lakh crore in the previous year. The value exc...
- LS passes Jan Vishwas (Amendment) Bill: Minor offences under 42 laws decriminalisedThe Lok Sabha on Thursday passed the Jan Vishwas (Amendment of Provisions) Bill amid din as the Opposition continued to protest in the Hous...
- Chhattisgarh: Measures to curb illegal mining not followed, says CAG report; asks government to increase monitoringA Comptroller and Auditor General (CAG) report tabled in the Chhattisgarh Assembly on Friday said prescribed measures to curb illegal minin...
- Karnataka earns Rs 7 lakh daily in fines on illegal miningReports submitted by the state to the Indian Bureau of Mines (IBM) show authorities seized an average of seven trucks a day in districts in...
- Revenue from stamp duty collection in Maharashtra fell by Rs 1000 crThe state government's average daily earning through property registration charges and stamp duty has come down to Rs 42 crore from the pre...
- Now, states have to start mines and begin auctions, says Steel and Mines Minister Narendra Singh TomarSteel and Mines Minister Narendra Singh Tomar says the Centre has moved ahead to usher in transparency in the mining sector.
- Odisha demands scrapping of mining lease extension provisionOdisha demanded scrapping of the mining lease extension provision in Mines Ordinance, saying such extensions will deprive states of crucial...
- Odisha: Miners to get respite as panel unlikely to recommend complete ban on mining activitiesThe Central Empowered Committee (CEC) is also unlikely to defend the state's claim of Rs 60,000 crore from miners for excess mining.
- Royalty on minerals to states to swell by 41 per cent to Rs 13,274 croreMineral-rich states like Odisha, Chhattisgarh and Jharkhand will be the biggest beneficiaries of hike in royalty rates by the Union Cabinet.
- Mining activity still in need of policy overhaulRecent review by coordination-cum-empowered committee on mineral development & regulation reportedly revealed mixed results on grave issue ...
- The government should remove Coal India’s monopoly, make it payBy paying the fine, CIL would pass on revenue to the govt without paying a dividend distribution tax. The only losers would be the minority...
- Illegal mining in 2006-11 resulted in lose of Rs 3414.45 croreThe illegal mining committed during 2006-11 in three districts of Karnataka has resulted in the state losing a revenue of Rs 3414.45 crore ...
- Future of mining in IndiaGoverment must ensure that laws foster an environment that discourages bounty hunters.
- Steel cos, miners fail to agree on ore export figuresContrary to the claims made by major steel companies, key players in the mining sector maintain that iron ore exports from India have actua...
- Iron ore exports deaf to FM tuneFinance minister P Chidambaram’s Budget proposal of levying an export duty on iron ore has failed to achieve its intended objective.
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