India’s Mining Fiscal Regime: H2 2014

Date: 2015-09

Timetric’s fiscal regime report covers Indian mining industry which is governed by the Ministry of Mines, the Indian Bureau of Mines (IBM) and Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Amendment Bill, 2015 which came into effect on January 12, 2015 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the mining sector in India. The Union Cabinet has approved the proposal to introduce the MMDR Bill 2011, which will eventually replace the 1957 Act once passed by parliament.

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