Royalty on minerals to states saw steady increase: Centre in Parliament

Aug 09, 2023

Data showed the royalty, which was Rs 9,695.88 crore in 2016–17, rose to Rs 38,840.48 crore in 2021–22, Union Minister of Coal and Mines...

Cabinet approves royalty rates for mining of 12 critical minerals

Feb 29, 2024

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its nod for the amendment of the Second Schedule to the Mines and...

SC dismisses review pleas on allowing states to levy tax on minerals

Oct 05, 2024

The Supreme Court has dismissed petitions seeking to review the 9-judge bench judgement, which held that states have the power to levy tax on...

Cabinet approves amendment to Mines and Minerals (Development and Regulation) Act

Mar 09, 2022

New Delhi [India], March 9 : The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal related to amendment in...

States have power to levy tax on mines, minerals bearing lands; royalty not tax: Supreme Court

Jul 25, 2024

A nine-judge Constitution bench of Supreme Court on Thursday held that states have the power to levy taxes on mines and mineral-bearing lands under...

Rationalisation of royalty rates and auction of critical minerals blocks among top initiatives in FY2024-25: Mines Ministry

Dec 28, 2024

The Centre has brought amendments to rationalise the royalty rates and successfully auctioned 24 critical mineral blocks in four tranches, an effort to drive...