Page 4 - Minerals Development News Today

Narendra Modi: This decision encompasses minerals such as Beryllium, Cadmium, Cobalt, Gallium, and several others that are pivotal for the nations strategic sectors including defense, electronics, and renewable energy.

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the amendment of Second Schedule to the Mines and Minerals (Development and Regulation) Act, 1957 ('MMDR Act') for specifying rate of royalty in respect of 12 critical and strate

A nine-judge constitution bench headed by Chief Justice DY Chandrachud, which is considering whether the royalty collected by the Centre on mining leases can be considered as tax, as held by a seven-judge bench in 1989, said Parliament can only impose some limitations to ensure that mineral development is not impeded.

India News: The Constitution vests the power to impose a tax on mineral rights not in Parliament but states, the Supreme Court told the Centre on Thursday, underl

Get latest articles and stories on India at LatestLY. First Tranche of auction of 20 critical and strategic mineral blocks was launched by the Union minister of Parliamentary Affairs, Coal and Mines, Pralhad Joshi on November 29, 2023. India News | Ministry of Mines Receives More Than 50 Bids for First Tranche of E-auction of Critical and Strategic Minerals.

The Supreme Court 9-judge Constitution Bench today (February 27) commenced its hearing on the multifaceted taxation matter of mineral-bearing lands. The key reference question involved in the present...

First round of critical mineral bids was called in November 2023. This was made possible after an amendment to the Mines and Minerals (Development and Regulation) Act earlier this fiscal. The centre also notified 24 minerals as being Critical and Strategic for the country, demand for which are usually met by imports.

Senior advocate Rakesh Dwivedi, appearing for Jharkhand and Odisha, said even though the expression 'subject to limitation' is not there in Entry 49, some limitations can still be imposed

New Delhi: The Supreme Court on Wednesday asked mineral-rich states like Jharkhand and Odisha whether Parliament can prescribe any limitation on the taxes

Senior advocate Rakesh Dwivedi, appearing for Jharkhand and Odisha, said even though the expression 'subject to limitation' is not there in Entry 49, some limitations can still be imposed