Mmdr

According to the Federation of Indian Mineral Industries, India's mining industry faces the highest tax burden globally, with rates ranging from 45.9 to 49.9 percent.

Auction of 15 mineral blocks quashed

Of the mines whose auction is annulled, five each are limestone and manganese blocks, two each are bauxite and phosphorite blocks and one is a gold mine.

Rajya Sabha passes MMDR Amendment Act

This paves the way for transfer of captive mines in the country without the need for auction and will unclog a number of stuck deals in the mining sector.

JP Associates sells cement assets to UltraTech at Rs 15900 cr

Speaking to CNBC-TV18, Atul Dagga, CFO of UltraTech Cement, said the total capacity of the company post the acquisition will go up to 90 mtpa.

Parliament Budget Session breaks for recess: Key highlights

The Budget Session of Parliament today broke for a month-long recess, bringing to an end an unexpectedly productive session that saw as many as 10 and 11 bills being passed by the Lok Sabha and Rajya Sabha, respectively.

Cabinet approves MMDR amendment; M&A to become easier

The Cabinet today gave green signal to transfer of mining lease for captive mines, easing up passage for merger and acquisition activities in the cement sector.

After Jharkhand, other states may auction 40 mines by March

Jharkhand on February 12 became the first state to auction two limestone blocks through an electronic platform after the passage of the MMDR Act by Parliament.

Jaypee demerger to take 6-9 months post MMDR amendment: Sources

Speculated to be the largest cement deal in the country, this demerger will cut Jaypee‘s debt by approximately Rs 20000 crore. The enire 22 million tonne capacity business is likely to be separated into a special purpose entity (SPE).

Lok Sabha passes MMDR Amendment Act

The amendment to the 2015 MMDR Act, when passed by the Rajya Sabha, will allow for transfer of captive mines in the country without the need for auction and will unclog a number of stuck deals in the mining sector.

Will hold margins in FY16 despite DMF contribution: NMDC

In an interview with CNBC-TV18 Latha Venkatesh and Sonia Shenoy, CMD Narendra Kothari said that may have to contribute about Rs 1000 crore to the DMF in this fiscal.

Mines auction may bring in 30-40 MT iron ore supply: JSW

In an interview with CNBC-TV18, Seshagiri Rao, Joint MD and Group CFO, JSW Steel, said the passage of the MMDR bill, which will pave the way for a transparent auction for minerals in a similar way as the coal auctions, will help ensure supply of raw material.

Mines & Mineral Bill passed by both the Houses

It's a busy time for lawmakers in the country as the government tries to get important legislation cleared before parliament breaks for recess. Apart from the MMDR Bill being passed by the Lok Sabha other crucial bills have also been introduced in the upper and lower houses. CNBC-TV18's Rituparna Bhuyan gets all the details.

Rajya Sabha passes Mines Bill, Centre-states talk soon

The Upper House of Parliament passed the Mines and Minerals Development and Regulation (MMDR) Amendment Bill, 2015, on Friday. Several members of rajya Sabha had raised questions about how the Centre could take up the Bill when mining was a state subject.

MMDR, Coal bills to come up for debate in Rajya Sabha

If these bills are not cleared today, the government will extend the ongoing first half of the Budget session by a couple of days.

MMDR select panel recommends changes to bill

The select panel on MMDR has recommended additional contribution to district mineral fund (DMF)

JSW, Tata Steel beneficiaries if MMDR Bill passed: Sunidhi

In an interview with CNBC-TV18's Ekta Batra and Anuj Singhal, Chintan Mehta, Metal Analyst at Sunidhi Securities, talked about his outlook for the sector and its various companies.

Coal, MMDR Bills: Select panel report may be tabled today

The select panel report on coal and mining bills are likely to be tabled later in the day today. MMDR panel seeks clarity over a host of issues, including royalty payment.

Govt's reform push stalling; why it spells bad news for mkt

The government is increasingly appear to be weak in its ability to push through crucial reforms. That may spell bad news for the "Modi rally".

Govt to table land acquisition, MMDR bills in RS today

Notwithstanding the continuing impasse over amendments to the land acquisition act, the government is expected to table a bill in Rajya Sabha today to replace its ordinance it passed late last year. The Budget session of the Parliament started on Monday

Amended MMDR Act may end current impasse: Sesa Sterlite

Hit by the mining ban in states like Goa and Karnataka, Vedanta Group Company, Sesa Sterlite is hopeful that the amendment to Mines and Minerals Development & Regulation Act will put an end to the current impasse.

President promulgates mining ordinance

The ordinance approves granting of mining leases for a period of 50 years. Those already granted before it would also be deemed to have been given for a period of 50 years.

Cabinet approves changes to MMDR Act

The Centre will now decided on rules for auctioning and it is along the lines of coal auction. The states will perform the auction and will also get the revenue out of these auctions.

Cooperation from states will be helpful for Centre: KPMG

Santosh Kamath said the Centre can have discretionary powers over the state which will be really helpful in pushing all the projects and that will be a big positive for the government and the people.

Last date of application for allotting coal mines extended

The government today said it has extended the last date for receipt of applications for allotting 17 coal mines to public sector firms.

Law Min approves re-allocation of coal blocks to NTPC

The Law Ministry has allowed the Coal Ministry to give back to state-owned power firm NTPC the coal blocks that were de-allocated because of delays in developing them.