Govt announces big reforms in mining sector; to auction 500 blocks
The Centre on Saturday said it will rationalise stamp duty in mining sector, eliminate the difference between captive and non-captive mines, introduce seamless composite exploration-cum-mining-cum-production
Announcing the fourth tranche of the economic stimulus package, Finance Minister Nirmala Sitharaman said, "We would also like to eliminate the difference between captive and non-captive mines."
The move, the government said will allow transfer of mining leases and sale of surplus unused minerals, leading to better
Welcoming the announcement, Coal Minister Pralhad Joshi in a tweet said that "under PM @NarendraModi ji, the nation is transforming. FM @NSitharaman ji announced today structural reforms in Coal & Mining sectors to make India an
Miners' body FIMI welcomed that the government's decision to grant composite exploration-cum-mining-cum-production licence
"We also welcome the Government's decision to rationalize the stamp duty in mining sector, which will provide much needed relief to the highly taxed Indian mining sector."
Debasish Mishra, Partner, Leader Energy, Resources and Industrial Products, Deloitte India said single licensing policy, removal of captive non-captive distinction, revenue sharing model and stamp duty rationalisation have been the demand of
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