Webinar

The recently proposed "Karnataka (Mineral Rights and Mineral Bearing Land) Tax Act, 2024" has introduced a new taxation framework that will significantly impact the mining sector in the state. The legislation, which applies both prospectively and retrospectively from 1 April 2005, aims to levy taxes on mineral-bearing lands and production across auctioned and non-auctioned leases. The webinar will provide an in-depth analysis of the bill, with a focus on its potential implications for various stakeholders.

The recent meeting on 2 December 2024 between Union Steel Minister H.D. Kumaraswamy and Commerce and Industry Minister Piyush Goyal, attended by senior officials and leading steel company executives, underscores the growing challenges and opportunities within the Indian steel industry. Key issues, such as the surge in steel imports driven by favourable FTAs and the rising influx of low-cost imports from China, demand immediate attention and strategic intervention.