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ROYALTY ON MINERAL RIGHTS
US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materialsAmerica is investing heavily in its chip industry. The US government has given a massive $500 million to SandboxAQ. This company will devel...- 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...
- 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...
- 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...
- SC to consider plea for listing petitions of states in minerals royalty caseThe Supreme Court will decide when to hear cases on state taxes for mineral rights. This follows a major ruling that states have the power ...
- 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 ...
- Centre seeks review of SC's mineral royalty judgment, points out 'apparent errors'The Centre is seeking a review of the Supreme Court's decision allowing states to collect royalty and tax on mineral-bearing land. The ruli...
- 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 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 stocks like NMDC, Tata Steel fall up to 5% on SC royalty orderShares of PSU National Mineral Development Corporation (NMDC) were among the worst hit and were trading over 5% lower at Rs 212 on NSE, whi...
- Landmark Supreme Court ruling changes taxation rules for mining operatorsThe Supreme Court ruled that states can tax mineral rights under the Mines and Minerals Act 1957. In an 8:1 ruling, they deemed royalty as ...
- Mining operators case: SC through majority opinion holds that royalty is not in the nature of taxA nine-judge Supreme Court bench, led by Chief Justice DY Chandrachud, has clarified that royalty is not considered a tax. This statement w...
- SC reserves verdict on whether royalty on minerals is taxThe Supreme Court reserved its verdict on the taxation of minerals royalty under the Mines and Minerals Act, addressing the conflicting vie...
- Mineral mining rights liable to GST: AARThe ruling was given on an application filed by Pioneer Partners, engaged in mining of boulders and extraction of minerals, which had secur...
- Kerala landowner moves SC against state’s demand for royaltyUnder the earlier regime, all mineral rights were vested with the state and the state could nationalise it whenever it wanted.
- Government hikes royalty rates on mineralsGovt gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell ann...
- Decision on raising royalty rates soon: Narendra Singh Tomar, Steel and Mines MinisterThe rates of royalty revised every three years for major minerals - excluding coal, lignite and sand for stowing - were last revised in Aug...
- Expert group to meet this week to review royalty on mineralsn expert group of the Mines Ministry will hold its first meeting this week to review the royalty rates, due for revision next year, for all...
- Mining sector needs large-scale reformIndia's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining.
- A royal messWhat’s required are clear-cut rules to determine market prices of ore.
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