Saket Kumar

Coal India paid over Rs 32,000 crore in state statutory levies in FY26, with Sairam calling for a stable and predictable taxation framework

Karnataka, Kerala and Telangana plan to move the Supreme Court within 10 days, while Congress also seeks to bring Jharkhand on board for the legal challenge

V D Satheesan said proposed restrictions on taxes and levies on mineral rights and mineral-bearing lands could weaken states' constitutional and fiscal autonomy

NMDC's ₹15,786-crore contingent liability highlights the uncertainty around Karnataka's retrospective mineral tax and the potential impact of the amended mining law

Mines Ministry says states will continue to receive around 90 per cent of mining-related taxes and statutory payments, amid concerns over the amendment's fiscal impact

The Bill's restrictions on taxing mineral rights and mineral-bearing land have revived questions over Parliament's powers and could open the door to legal challenges by states

Hemant Soren says proposed restrictions on states' mineral taxation powers raise constitutional and federal concerns and could hit Jharkhand's mining revenues

Mines Minister G Kishan Reddy said the MMDR Bill applies only to major minerals and does not affect states' powers over minor minerals, as Kerala warned of legal action.

NMDC says proposed restrictions on state-level mineral levies could provide greater fiscal certainty, reduce unexpected legacy claims and support long-term investment

While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow

The Bill seeks to restrict states' powers to impose taxes and cesses on mineral rights and could provide relief from retrospective liabilities arising from a 2024 SC ruling

The proposed law would restrict state taxes and cesses on mineral rights and mineral-bearing land while invalidating levies that have not yet been collected

The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27

Coal India has emerged as the preferred bidder for Odisha's Gadadharpur iron ore block, marking its entry into iron ore mining as it expands beyond coal

Crisil Ratings expects steel makers to maintain stable profitability in FY27 as higher domestic steel prices and safeguard duty offset rising coking coal, energy and logistics costs

India's coal stocks for the power sector can support around 62 days of consumption as production and dispatch rise amid strong supply growth

The Centre says eight approved coal gasification projects are expected to attract investments of ₹65,365 crore and gasify around 12 million tonnes of coal annually

Specialty steel PLI scheme attracts ₹26,320 crore investment as the government pushes domestic manufacturing, higher production and import substitution

Only 105 of 720 auctioned mineral blocks have become operational since 2015, as the government tightens rules to accelerate mine development

Chief Executive Officer Tarun Khulbe said both the Odisha and Hisar plants were affected as restrictions on LPG availability and logistical disruptions constrained operations