Budget 2012: Will FM revive the ailing mining & steel sector?

The mining sector's key expectation of the industry is the introduction of a deduction for expenditure on mine closure and the steel industry’s key demand is the grant of infrastructure status.

March 13, 2012 / 17:39 IST

By: Sachin Menon, Partner & National Head - Indirect Tax, KPMG

The mining industry is currently in news for the illegal mining and various related matters. The Supreme Court of India as well as other courts have taken the various initiatives and have issued direction to carve the illegal mining.

Mining and Metal Industries projects have been delayed due to environmental and land acquisition related issues. Much of what ails the sectors, therefore, lies outside the ambit of the budget

first published: Mar 12, 2012 05:29 pm

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