Royalty On Minerals
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Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
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Centre Opposes Pleas Seeking Refund Of Royalty On Minerals To States Retrospectively
The Centre today opposed in the Supreme Court a plea of the mineral-rich states seeking refund of the royalty levied by it on mines and mineral-bearing land since 1989.
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In 8:1 Verdict, Supreme Court Upholds States' Rights On Mineral Tax Royalty
The Supreme Court on Thursday upheld states' right to levy royalty on mineral-bearing land, reasoning they had competence and power to do so; this will benefit mineral-rich states like Odisha, Jharkhand, Bengal, Chhattisgarh, Madhya Pradesh.
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Consultations Underway on Revision of Royalty Rates on Coal: Report
Consultations are in progress with various ministries and industry bodies with regard to a proposed revision of coal royalty rates.
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India to Hike Iron Ore Royalty, Miners May Struggle to Pass on Extra Cost
There is a danger for miners that they will be unable to pass on the cost fully to steel mills due to weaker global prices, and the competition from imports, traders said.
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Budget 2014: Government Proposes to Resolve 'Current Impasse' in Mining Sector
The beleaguered mining sector is likely to witness improved activity with the government on Thursday proposing to resolve the "current impasse" expeditiously aimed at encouraging investment and bridge supply-demand gap.
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Mining ban to hit Karnataka's non-tax revenues by Rs 400 cr
Dip in mineral royalty due to ban on iron ore mining and land sale being a virtual non-starter are leading Karnataka to a shortfall of around Rs 2,500 crore in non-tax revenue receipts for 2011-12, according to mid-year review of state finances.
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Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
-
Centre Opposes Pleas Seeking Refund Of Royalty On Minerals To States Retrospectively
The Centre today opposed in the Supreme Court a plea of the mineral-rich states seeking refund of the royalty levied by it on mines and mineral-bearing land since 1989.
-
In 8:1 Verdict, Supreme Court Upholds States' Rights On Mineral Tax Royalty
The Supreme Court on Thursday upheld states' right to levy royalty on mineral-bearing land, reasoning they had competence and power to do so; this will benefit mineral-rich states like Odisha, Jharkhand, Bengal, Chhattisgarh, Madhya Pradesh.
-
Consultations Underway on Revision of Royalty Rates on Coal: Report
Consultations are in progress with various ministries and industry bodies with regard to a proposed revision of coal royalty rates.
-
India to Hike Iron Ore Royalty, Miners May Struggle to Pass on Extra Cost
There is a danger for miners that they will be unable to pass on the cost fully to steel mills due to weaker global prices, and the competition from imports, traders said.
-
Budget 2014: Government Proposes to Resolve 'Current Impasse' in Mining Sector
The beleaguered mining sector is likely to witness improved activity with the government on Thursday proposing to resolve the "current impasse" expeditiously aimed at encouraging investment and bridge supply-demand gap.
-
Mining ban to hit Karnataka's non-tax revenues by Rs 400 cr
Dip in mineral royalty due to ban on iron ore mining and land sale being a virtual non-starter are leading Karnataka to a shortfall of around Rs 2,500 crore in non-tax revenue receipts for 2011-12, according to mid-year review of state finances.
