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ODISHA MINING TAX
Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demergerVedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlo...
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: 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...
JSW Steel moves Supreme Court on Rs 2,600-cr tax dispute with OdishaThe BSE-listed steel company had earlier sought temporary relief from the Orissa High Court to restrain the state tax authorities from effe...
Committee of Secretaries suggests amendment to section defining “illegal mining”If executed, the proposal could save Coal India alone a contingent liability of nearly Rs 53,331 core, the panel said in its report. ET has...
Panel for updating mining law, move to save PSUs from finesIf executed, the proposal could save Coal India alone a contingent liability of nearly Rs 53,331 core, the panel said in its report.
IT application a success in curbing illegal mining: OdishaThe indigenous IT application developed for management of minerals in the state has helped to curb illegal mining activities, Odisha govern...
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.
CAG raps Odisha government for laxity in revenue collectionDepartments concerned have accepted under assessment and other deficiencies of Rs 2,379.41 crore involved in 3,98,229 cases, which were poi...
Black money SIT focuses on mining companiesJustice Shah has in the past headed the commission on illegal mining that uncovered largescale irregularities in Goa and Odisha.
Centre assures Odisha help on mining, steel and labourThe Centre will provide all support for the progress of Odisha, particularly in steel, mining, labour and employment sectors, Tomar said.
23 mines in Odisha under the scannerA mines ministry appointed fact finding committee has noted violations of mining and green laws in the operations of 23 mines in Odisha.
Odisha unable to realise tax from mining companies: MinisterOdisha government today said it could collect Rs 10 crore as VAT against demand of Rs 397.12 crore and Rs 3 crore against demand of Rs 99.2...
- Miners move Odisha HC against stamp duty order, seek quashing of govt’s directive
Several petitions were filed by aggrieved steelmakers and miners in the Odisha High Court on Monday challenging the state government’s July...
Mining royalties set for significant hikesReviewing royalty on major minerals - an exercise carried out by the central government every three years - the study group recommended a 5...
- Rs 6,000-cr fine on Tata Steel for illegal mining: Sources
The Odisha government is believed to have slapped a fine of about Rs 6,000 crore on Tata Steel for its alleged involvement in "illegal and ...
- Illegal mining: Shah Commission to visit Odisha from October 3
Ahead of the week-long Odisha visit of the Justice M B Shah Commission, beginning from October 3, to probe the mining scam in different par...
- Odisha continues to charge higher royalty iron ore miners despite Centre's objections
The Centre has asked Odisha government to immediately withdraw a notification, which it is using to charge higher royalties from iron ore m...
- Odisha govt mulls cap on iron ore production
The Odisha government may impose a cap on iron ore production in the state, dealing a blow to the industry reeling under closures.
- Govt unlikely to consider super profit tax on miners
The government is unlikely to consider implementation of a super profit tax on miners, as the new mining Bill which is pending Parliament a...