India’s Mining Fiscal Regime 2021
Our "India’s Mining Fiscal Regime 2021" provides a comprehensive coverage on India’s mining fiscal regime. The report provides country’s overview with macroeconomic performance, ease of doing business, corruption index and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, rights, and obligations, as well as information on various taxes and royalty rates.
India is endowed with vast mineral deposits, including coal, iron ore, bauxite, manganese, copper, lead, zinc and limestone. The country’s mining industry is governed by the Ministry of Mines, Ministry of Environment, Forests and Climate Change (MoEFCC), the Indian Bureau of Mines (IBM) and the Geological Survey of India (GSI). On 11 February 2021, the Mineral Laws (Amendment) Act, 2020, was enacted, amending the Coal Mines (Special Provisions) Act, 2015 (CMSP Act) and the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act). This was mainly done to attract more FDI, promote ease of doing business, reduce dependency on coal imports, and efficient process of mine allocation/auction.
- The report outlines the country’s marco economic indicators, governing bodies, governing laws, rights, obligations, various mineral licenses and fees and major taxes that are applicable within the country’s mining industry.
Reasons To Buy
- To find out about India’s governing bodies, major laws in the industry
- Enhance your decision-making capability in a more rapid and time sensitive manner
- Identify various mineral licenses and fees
- To gain an overview about the amendments made in the mining law’s in the country
- To understand about the various taxes and royalties that are applicable in the country’s mining industry