Intensifying its pitch for imposing a Windfall Tax to curb profiteering among the mining community, the union Mines Ministry has suggested to the Finance Ministry a slab system of taxation similar to the Income Tax to net the surplus profits earned by merchant miners.
BHUBANESWAR: The long absence of a national policy framework on iron ore has hurt the sector as technology has become the casualty and scientific mining does not virtually exist in India, CMD of NMDC Ltd Rana Som said here on Friday.
Five months after the Centre sought an Action Taken Report (ATR) from the Karnataka government over the illegal mining scam unearthed by the Lokayukta, the B S Yeddyurappa government has said it has filed 56 cases against encroachers of the forest land.
THE government has started legal proceedings against 10 iron ore mining firms, which are part of larger companies, for providing inaccurate production and pricing figures. The alleged misleading information has caused a royalty revenue loss of about Rs 5,088 crore, people close to the development said.
Bowing to intense pressure from the Centre, the Karnataka government seems to have finally woken up to the menace of illegal mining as its officials recently raided and seized huge amounts of unaccounted iron ore from the Bellikere and Karwar ports.
With no action by the Karnataka government against the alleged illegal mining in the Bellary-Hospet-Sandhur belt - home to the Reddy brothers with mining interests in neighbouring Andhra Pradesh
BHUBANESWAR: The Opposition mounted a scathing attack on the State Government in the Assembly on Tuesday for its inaction against the culprits involved in the multi-crore mining scam and reiterated the demand for a CBI probe to unearth the truth.
The Jharkhand government has taken exception to a notification of the Union Ministry of Mines which has fixed the sale prices of minerals, with Chief Minister Shibu Soren writing a letter to Prime Minister Manmohan Singh to seek his intervention in the matter.
