TAG: minerals
Mineral royalty revenue jumps 32% for states during FY17 to FY22
The Supreme Court, on July 26, granted states the power to levy taxes on mineral rights, contending that royalty is a contractual consideration, opening the doors for the states to earn more revenues from mining operations.A Moneycontrol analysis of data...
2 months ago
Judgement that will alter both federal and mineral tax landscape
By Gopal Mundhra The nine-judge Constitution Bench of the Supreme Court of India, with a decisive 8:1 majority, has ruled on the contentious issue of mineral taxation, overturning previous judgments and clarifying the balance of power between the Union an...
2 months ago
Supreme Court sought balance in mineral extraction judgement but more litigation appears inevitable
By Gopal Mundhra, Rajath Bhardwaj, Priyadarshini Shekhawat The nine-judge Constitution Bench of the Supreme Court of India, with a decisive 8:1 majority, ruled on July 25, 2024 that royalty on minerals is not a tax but a contractual consideration. As a se...
2 months ago
India's Critical Minerals Race: Securing resources for future growth
When it comes to trade, the global narrative often revolves around the benefits of globalization—open markets, seamless exchange of goods, and shared prosperity. However, when the topic shifts to critical minerals, the conversation turns more toward natio...
1 month ago