NEW DELHI/MUMBAI: Public and private sector mining companies are staring at Rs 1.5 lakh crore arrears after the Supreme Court on Wednesday allowed states to collect royalty and tax on mineral-bearing land retrospectively from April 1, 2005.Govt sources said the judgement’s impact on the sector and its investment prospects as well as policy issues will … Read more
Chakri Lokapriya, Managing Partner, RSB LLP, says the current Supreme Court ruling on mines, allowing states to collect past dues will mean an outgo of about Rs 60,000 crore for just the PSUs and another Rs 1 lakh crore for the private companies. So, Rs 1,60,000 crore will need to be repaid over the next … Read more
Synopsis Over the past year, awarding of road projects has been below the target. In FY23, the National Highways Authority of India (NHAI) awarded 6,003 km of road projects compared with a target of 6,500 km. In the first half of FY24, MoRTH awarded road projects of close to 2,595 km during the period compared … Read more