Essayer OR - Gratuit
Avenues for revenues: Tax, penalty on minerals to shore up treasury
The New Indian Express Kalaburagi
|December 07, 2024
THE state government, that has allocated a whopping Rs 56,000 crore in the budget for the five guarantee schemes, has opened up new avenues to generate additional revenue by introducing a new tax on mineral-bearing lands, in addition to royalty.
The Cabinet on Friday decided to place the Karnataka (Mineral Rights and Mineral Bearing Land) Tax bill, 2024, in the upcoming winter session in Belagavi. If it becomes law, the holder of mining lease pays tax based on the quantity of mineral lifted from the lands. The tax ranges from Rs 20 per tonne (for limestone) to Rs 100 for iron ore, including calibrated lump ore (CLO), lump ore, fines, and concentrates of all grades. Annually, the state proposes to get additional revenue of Rs 4,700 crore.
Cette histoire est tirée de l'édition December 07, 2024 de The New Indian Express Kalaburagi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The New Indian Express Kalaburagi
The New Indian Express Kalaburagi
‘Indians have to risk losing to be successful’
DURING his heydays in the 1980s, USA’s Freddie Spencer was at the pinnacle of Grand Prix motorcycle racing.
1 min
November 17, 2025
The New Indian Express Kalaburagi
SGPC mulls ban on lone woman for Pak jathas after pilgrim goes missing
FILE PHOTO
1 mins
November 17, 2025
The New Indian Express Kalaburagi
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
2 mins
November 17, 2025
The New Indian Express Kalaburagi
KERALA RISES IN REFORMS BUT GROUND REALITY LAGS
K ERALA'S achievement in improving the investment climate is laudable, considering it was long seen as business-unfriendly.
1 mins
November 17, 2025
The New Indian Express Kalaburagi
FOR GAMBHIR AND CO, IT’S PITCH DARK AT HOME
EVEN before the presentation ceremony was over, the ground staff at the Eden Gardens, as if to carry out a meta joke, watered the square.
1 mins
November 17, 2025
The New Indian Express Kalaburagi
Bengal guv warns of legal action against TMC MP
WEST Bengal Governor C V Ananda Bose on Sunday threatened to take legal action against veteran Trinamool Congress (TMC) MP Kalyan Banerjee over his “invective” remarks leading to a confrontation.
1 mins
November 17, 2025
The New Indian Express Kalaburagi
'GST rate cut boosted Oct vehicle loans'
CHOOLAMANDALAM Investment and Finance Company president and CFO Arul Selvan said that the NBFC’s advances in two-wheelers and passenger cars segments went up in October after the GST rationalisation in September.
2 mins
November 17, 2025
The New Indian Express Kalaburagi
Delhi airport traffic in Apr-Oct falls 3.5% due to upgrade, airspace closure
GMR Airports Limited reported a 3.5% year-on-year decline in passenger traffic at its flagship Indira Gandhi International Airport (DEL) for the first seven months of the current fiscal due to year runway upgrade and airspace closure, according to a mandatory filing with the stock exchanges.
1 min
November 17, 2025
The New Indian Express Kalaburagi
WHAT TO MAKE OF BUFFETT'S 'THANK YOU' LETTER
MONEY MATTERS
2 mins
November 17, 2025
The New Indian Express Kalaburagi
'Our mission is to develop well-rounded leaders, not just skilled managers'
IIM Shillong Director-in-Charge Prof Nalini Prava Tripathy reflects on the institute’s approach to learning, outreach, and regional engagement
3 mins
November 17, 2025
Listen
Translate
Change font size