India’s Mining Fiscal Regime 2019

India’s Mining Fiscal Regime 2019

  • November 2019 •
  • 34 pages •
  • Report ID: 4484368 •
  • Format: PDF
India’s Mining Fiscal Regime 2019

Summary
“India’s Mining Fiscal Regime 2019” report outlines the governing bodies, governing laws, mining licensing, taxes and royalties in India’s mining sector.

India is endowed with vast mineral deposits including coal, iron ore, bauxite, manganese, copper, lead, zinc, and limestone.Different ministries, such as the Ministry of Mines, Ministry of Coal, Ministry of Steel, and the Ministry of Environment, Forests and Climate Change (MoEFCC), along with other departments, governs the country’s mining industry.

Each governing and regulatory body normally has attached offices, administrative departments, subordinate offices, and public sector undertakings to assist.These government bodies ensure effective administration and regulation of laws on mines and minerals in India.

The country has different royalty rates for different commodities but the same concession fees and dead rents are applicable.According to the World Bank’s Ease of Doing Business Index 2019, India progressed in terms of dealing with construction permits, starting a business, trading across borders, getting credit, and availability of electricity.

However, weak performances persisted in terms of property registration and resolving insolvency.

Key Highlights
- To gain an overview of Indian mining fiscal regime
- To identify India’s mining governing bodies, major laws in the industry, and licenses
- To identify major taxes and royalty rates applicable in the country

Scope
- India is endowed with vast mineral deposits including coal, iron ore, bauxite, manganese, copper, lead, zinc, and limestone. Different ministries, such as the Ministry of Mines, Ministry of Coal, Ministry of Steel, and the Ministry of Environment, Forests and Climate Change (MoEFCC), along with other departments, governs the country’s mining industry. Each governing and regulatory body normally has attached offices, administrative departments, subordinate offices, and public sector undertakings to assist.
- These government bodies ensure effective administration and regulation of laws on mines and minerals in India. The country has different royalty rates for different commodities but the same concession fees and dead rents are applicable. According to the World Bank’s Ease of Doing Business Index 2019, India progressed in terms of dealing with construction permits, starting a business, trading across borders, getting credit, and availability of electricity. However, weak performances persisted in terms of property registration and resolving insolvency.

Reasons to buy
- The report outlines the governing bodies, governing laws, various mineral licenses, taxes and royalties.
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