Mining Industry is in danger – Part-6

The royalty rate also very high in India compared to other mineral rich countries. International Comparison of Minerals Specific Royalty Rates: 2012   Country Iron Ore Coal Copper Gold Australia 6.5%-7.5% 7%-10% 2.7%-3.5% 0% – 2.5% Brazil 2% 2% 2.02% 1% Ghana 5% 5% 5% 5% India 15%* 14%* 4.20% 2% Indonesia 3% 3%-7% 4% […]

Mining Industry is in danger – Part-5

The Corporate Income Tax rates in India are very high compared to the other major mining countries. The effective tax rate is around 34.61% for income exceeding Rs. 100 million for the domestic company and for the foreign company the rate is 43.26% (KPMG, 2015). A minimum alternative tax (MAT) is levied at 18.5% of […]

Mining Industry is in danger – Part-4

The Risk involved in Mining has shifted towards Mining Business and Return towards Government. The case was other way around few years back as shown in the figure below: From the above mentioned, facts it is very clear that the margin for doing Business in Mining has been substantially reduced. It would be an impetus […]

Mining Industry is in danger – Part-3

After amendment of new mining law,  the overall tax rate is increased.  Graph showing increase in overall Taxation after enactment of MMDR Amendment Act, 2015

Mining Industry is in danger – Part-2

Table Showing Direct and Indirect Taxes paid by Mine owners -Effective Tax Rate (ETR): All over the world, in India alone approximately 59.8% of total revenue has to be paid to Govt., by way of various tax by the existing mine owners and 64% by the new mine owners. The comparison chart is given below. […]

Mining Industry is in danger – Part-1

In the world Except water, food, and timber all products are from minerals. Unless, the mining operation is not going there is no development for human being.  For the reasons best known to them, some people protest the mining activity. On going through the draft mining report prepared by FICCI the following facts are came […]

Beach Mineral Producer Association got approval from National Accreditation Board for Education and Training (NABET)

Certificate is given below.

அகில இந்திய அளவில் இல்மனைட் ஏற்றுமதி 36 சதவீதத்திற்கும் அதிகமாக குறைந்துள்ளது.

இந்திய அரசு வணிகத்துறையின் சார்பில் ஏற்றுமதியை ஊக்குவிக்க CAPEXIL என்ற அமைப்பு உள்ளது. அதில் கனிம பிரிவிற்கு தலைவராக இந்திய அரசு இந்தியன் ரேர் எர்த் நிறுவன நிர்வாக இயக்குனர் உள்ளார். கடந்த ஆண்டு கனிம ஏற்றுமதி வெகுவாக குறைந்துள்ளதால் இது பற்றி விளக்கம் கேட்டு இந்திய அரசு CAPEXIL –க்கு கடிதம் எழுதியது. எனவே இது பற்றி ஒரு கூட்டம் டெல்லியில் கடந்த 10.08.2016 தேதியில் நடந்தது. அந்த கூட்டத்தின் Minutes வெளியிடப்பட்டுள்ளது. அதில் இல்மனைட் […]

Brief note about India’s Beach Sand Mineral Industries

A study completed by the Council on Energy ,Environment and Water ( CEEW)  and  the Department of Science and Technology  have identified twelve critical minerals  that   would significantly contribute to the growth of the manufacturing sector  and  success of the Make in India programme. The critical minerals identified in this study report include Rare earth […]