Breaking 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
Search
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
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

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

GST will enhance competitiveness of Indian edible oils in domestic, international markets: SEA

GST to Boost Competitiveness of Indian Edible Oils in Global Markets

September 23, 2025
CPI Party Congress passes resolution condemning Israel’s Genocide in Gaza, urging India not to aid Occupation

CPI Congress Denounces Israel’s Actions in Gaza, Calls on India to Reject Support for Occupation

September 23, 2025
CJM directs Kathua SSP to file FIR over alleged custodial torture of two Punjab labourers

CJM Orders Kathua SSP to Investigate Alleged Custodial Torture of Punjab Workers

September 23, 2025
SEBI, RBI in talks to boost corporate bond index derivatives trading

SEBI Unveils New Rules and Centralized Portal for Stock Broker Technical Glitches

September 23, 2025
I Thought I Knew Silicon Valley. I Was Wrong

Rediscovering Silicon Valley: Surprising Insights Beyond My Expectations

September 23, 2025
Refex Industries restructures green mobility business; RML to get independent listing

Refex Industries Reshapes Green Mobility; RML Set for Independent Listing

September 23, 2025

You Might Also Like

Adani unit completes acquisition of AI start-up Parserlabs 
Economy

Adani’s Acquisition of AI Start-Up Parserlabs Completed

2 Min Read
Stainless steel maker Mangalam Worldwide set to migrate to NSE mainboard
Economy

Mangalam Worldwide: Stainless Steel Maker to Transition to NSE Mainboard

2 Min Read
Government may extend deadline for e-ambulance incentives under PM E-DRIVE
Nation

Government Considers Extension for PM E-DRIVE E-Ambulance Incentives Deadline

4 Min Read
First impressions and fresh starts
Economy

First Impressions Lead to Fresh Starts

3 Min Read
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek

Welcome to IndiaNewsWeek, your reliable source for all the essential news and insights from across the nation. Our mission is to provide timely and accurate news that reflects the diverse perspectives and voices within India.

  • Home
  • Nation News
  • Economy News
  • Politics News
  • Sports News
  • Technology
  • Entertainment
  • International
  • Auto News
  • Bookmarks
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

© 2024 All Rights Reserved | Powered by India News Week

Welcome Back!

Sign in to your account

Lost your password?