Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
Reading: Karnataka Governor Gehlot Requests Clarification on Returned Mineral Tax Bill
Share
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
Trending Now: Stay updated with the latest breaking news from India and around the world
Karnataka Governor Gehlot returns the Mineral Tax Bill, seeks clarification
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Nation > Karnataka Governor Gehlot Requests Clarification on Returned Mineral Tax Bill
Nation

Karnataka Governor Gehlot Requests Clarification on Returned Mineral Tax Bill

Nation Desk By Nation Desk January 24, 2025 2 Min Read
Share
SHARE

The Governor of Karnataka, Thawar Chand Gehlot, has returned the Mineral Tax Bill, citing concerns raised by mining associations as the basis for his decision, according to recent reports.

In response to this event, Congress spokesperson BL Shankar emphasized that the bill was intended to benefit the community and that both political parties had previously reached an agreement on it. He noted that the Governor’s decision to return the bill for further clarification was due to specific queries he had.

Originally passed by the Cabinet in December 2024, the bill outlines a taxation structure that ranges from ₹20 to ₹100 per tonne for various minerals. Specifically, the proposed tax is set at ₹100 per tonne for bauxite, laterite, manganese, and iron ore-bearing land, ₹50 for copper ore, ₹20 for limeshell, ₹50 for gold byproducts, and ₹40 for other unspecified minerals.

This tax initiative is projected to generate approximately ₹4,207.95 crore in revenue, with an additional anticipated ₹505.9 crore from the taxation of mineral-bearing land annually.

Discussing the matter, VS Ugrappa, a former Member of the Lok Sabha and a senior Congress leader, remarked to businessline that bills typically follow a set process before approval, undergoing discussions either within the party or the legislature. He expressed concern that this convention seems to have been overlooked in this instance.

He further elaborated that any bill passed by the legislature goes through thorough discussions in both houses. If a bill enjoys majority or unanimous support, it indicates that it conforms to constitutional provisions. Such legislation is usually introduced by the government to serve the interests of the state. Ugrappa noted that the return of 11 bills previously could hinder the state’s progress.

TAGGED:National NewsNews
Share This Article
Twitter Copy Link
Previous Article Polycab India shares surge 2.5% as revenue exceeds five-year target Polycab India Surges 2.5% on Exceeding Revenue Targets
Next Article Copper: Wait for dips to go long Copper: Capitalize on Dips for Long Positions
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Q2 Results 28th Oct Live: HUL Q2 profit up 8%, Adani Enterprises, Adani Ports, TVS Motor, Hyundai, Pidilite, Cholamandalam, Hero MotoCorp, Meesho, United Spirits, Vedanta, JSW Energy share to announce Q2 results, L&T, Bajaj Auto, Maruti, SBI Life, Piramal Pharma, UBL, PG Electro shares surge after Q2 results, LT Foods and Waaree decline

HUL Q2 Profit Rises 8%; Major Firms Like Adani and Hero MotoCorp to Reveal Earnings Soon

October 28, 2026
India’s crude basket price tops $120 a barrel amid West Asia war

India’s Crude Oil Basket Surges Past $120 a Barrel Amid Escalating West Asia Conflict

October 28, 2026
Q2 Results Highlights 27th Oct: Bajaj Auto Q2 PAT up 35%, Maruti Suzuki & Cipla profit down, ACC, Mazagon Dock PAT tumbles, Honeywell Automation PAT up, L&T, Vedanta Iron, Waaree Energies, SAIL, SBI Life, Tata Capital, Star Health, ABDL to announce Q2 results

Bajaj Auto’s Q2 Profit Soars 35%; Maruti, Cipla Face Decline Amid Upcoming Earnings Reports

October 27, 2026
Citi raises Paytm target price to ₹1,940, sees net profit crossing ₹3,000 crore

Citi Increases Paytm Target Price to ₹1,940, Anticipates Net Profit Surpassing ₹3,000 Crore

October 27, 2026
Expiry day nerves: Sensex, Nifty open in red as IT drags; FMCG, Defence buck the trend

Markets Wobble on Expiry Day: Sensex and Nifty Slide as IT Stocks Dampen Performance

October 27, 2026
TSF Investments’ Board approves sale of 3.7% stake in TVS Holdings

TSF Investments Board Greenlights Sale of 3.7% Stake in TVS Holdings

October 27, 2026

You Might Also Like

Anthropic said to target mega-IPO before thanksgiving holiday
Economy

Anthropic Aims for Major IPO Launch Ahead of Thanksgiving Holiday

5 Min Read
Gold set to end nine-week winning streak
Economy

Gold Braces for End of Nine-Week Winning Streak

3 Min Read
PM Modi congratulates Coal Ministry for reaching 1 billion tonnes of coal production
Nation

PM Modi Applauds Coal Ministry for Achieving Milestone of 1 Billion Tonnes in Coal Production

1 Min Read
Nation

Wimbledon 2023: Jannik Sinner’s Schedule for Monday, June 29 Revealed

4 Min Read

About IndiaNewsWeek

IndiaNewsWeek is your trusted source for breaking news, in-depth analysis, and comprehensive coverage of India and the world. We deliver accurate, timely reporting across politics, economy, sports, entertainment, and technology.

contact@indianewsweek.com

Quick Links

  • Nation
  • Politics
  • Economy
  • International
  • Sports
  • Entertainment

More Sections

  • Technology
  • Auto News
  • Education
  • About Us
  • Contact
  • Privacy Policy

Stay Connected

Follow us on social media for the latest updates and breaking news.

Facebook
X (Twitter)
YouTube
Follow US
© 2026 IndiaNewsWeek. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?