India's Mining Fiscal Regime 2019

India's Mining Fiscal Regime 2019

Summary

GlobalData's “India's Mining Fiscal Regime 2019” report outlines the governing bodies, governing laws, mining licensing, taxes and royalties in India's mining sector.

India is endowed with vast mineral deposits including coal, iron ore, bauxite, manganese, copper, lead, zinc, and limestone. Different ministries, such as the Ministry of Mines, Ministry of Coal, Ministry of Steel, and the Ministry of Environment, Forests and Climate Change (MoEFCC), along with other departments, governs the country's mining industry. Each governing and regulatory body normally has attached offices, administrative departments, subordinate offices, and public sector undertakings to assist. These government bodies ensure effective administration and regulation of laws on mines and minerals in India. The country has different royalty rates for different commodities but the same concession fees and dead rents are applicable. According to the World Bank’s Ease of Doing Business Index 2019, India progressed in terms of dealing with construction permits, starting a business, trading across borders, getting credit, and availability of electricity. However, weak performances persisted in terms of property registration and resolving insolvency.

Key Highlights

  • To gain an overview of Indian mining fiscal regime
  • To identify India's mining governing bodies, major laws in the industry, and licenses
  • To identify major taxes and royalty rates applicable in the country
Scope
  • India is endowed with vast mineral deposits including coal, iron ore, bauxite, manganese, copper, lead, zinc, and limestone. Different ministries, such as the Ministry of Mines, Ministry of Coal, Ministry of Steel, and the Ministry of Environment, Forests and Climate Change (MoEFCC), along with other departments, governs the country's mining industry. Each governing and regulatory body normally has attached offices, administrative departments, subordinate offices, and public sector undertakings to assist.
  • These government bodies ensure effective administration and regulation of laws on mines and minerals in India. The country has different royalty rates for different commodities but the same concession fees and dead rents are applicable. According to the World Bank’s Ease of Doing Business Index 2019, India progressed in terms of dealing with construction permits, starting a business, trading across borders, getting credit, and availability of electricity. However, weak performances persisted in terms of property registration and resolving insolvency.
Reasons to buy
  • The report outlines the governing bodies, governing laws, various mineral licenses, taxes and royalties.


Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Executive Summary
3 India’s Mining Fiscal Regime: Ease of Doing Business
3.1 Macroeconomic Performance
3.2 Ease of Doing Business
3.3 Corruption Index
3.4 Minerals Overview
4 India’s Mining Fiscal Regime: Governing Bodies
4.1 Ministry of Mines
4.1.1 Geological Survey of India (GSI)
4.1.2 Indian Bureau of Mines (IBM)
4.2 Ministry of Coal
4.2.1 Coal Controller’s Organization
4.2.2 Coal Mines Provident Fund Organization (CMPFO)
4.2.3 Central Mine Planning and Design Institute Ltd (CMPDI)
4.3 Ministry of Steel
4.4 Ministry of Environment, Forest and Climate Change (MoEFCC)
4.4.1 Regional Offices
4.4.2 Subordinate Offices
4.4.3 Autonomous Bodies
4.4.4 Authorities/Tribunal
4.4.5 Boards
4.5 Department of Atomic Energy (DAE)
4.5.1 Public Sector Units
4.5.2 Atomic Minerals Directorate for Exploration and Research
5 India’s Mining Fiscal Regime: Laws, and Regulations
5.1 Mines and Minerals (Development and Regulation) Act (MMNDR), 1957
5.2 Mineral Conservation and Development Rule, 2017
5.3 Other Mining Laws
5.4 The Coal Mines (Special Provisions) Act, 2015
5.5 Coal Blocks Allocation Rules, 2017
6 India’s Mining Fiscal Regime: Mining concessions, rights, and obligation
6.1 Reconnaissance Permit (RP)
6.2 Prospecting Mines
6.3 Mining Lease (ML)
6.4 Rights
6.5 Obligations
7 India’s Mining Fiscal Regime: Royalty and Taxes
7.1 Royalty Rate
7.1.1 Coal - West Bengal
7.1.2 Coal (Excluding the State of West Bengal)
7.1.3 Gold and Silver
7.2 Mining Concession Fees
7.3 Dead Rent Rates
7.4 Goods and Services Tax
7.4.1 List of Goods at 0.25% Rate
7.4.2 List of Goods at 3.0% Rate
7.4.3 List of Goods at 5.0% Rate
7.4.4 List of Goods at 18.0% Rate
7.4.5 List of Goods at 28.0% Rate
8 Appendix
8.1 Abbreviations
8.2 Methodology
8.3 Coverage
8.4 Secondary Research
8.5 Contact Us
8.6 Disclaimer
List of Tables
Table 1: India’s Mining Fiscal Regime - Royalty Rates by commodity, 2019
Table 2: India’s Mining Fiscal Regime - Ease of Doing Business, Global Ranking, 2018-2019
Table 3: India’s Mining Fiscal Regime - Royalty Rates by commodity (%), 2018
Table 4: India’s Mining Fiscal Regime - Royalty Rates for Iron Ores (₹/t), 2018
Table 5: India’s Mining Fiscal Regime - Coal and Lignite Royalty Rates, West Bengal (₹/t), 2018
Table 6: India’s Mining Fiscal Regime - Coal and Lignite Royalty Rates (Excluding West Bengal) (₹/t), 2018
Table 7: India’s Mining Fiscal Regime - Mining Concession Fees, 2018
Table 8: India’s Mining Fiscal Regime - Annual Dead Rent Rates Per Hectare (₹/Ha), 2018
List of Figures
Figure 1: India’s Mining Fiscal Regime - Country Overview, 2019
Figure 2: India’s Mining Fiscal Regime - Nominal GDP (US$ Billion) and Real GDP Growth Rate (%), 2001 - 2018
Figure 3: India’s Mining Fiscal Regime - Mining Exports and FDI flows in Mining, 2016-2018
Figure 4: India’s Mining Fiscal Regime - Ease of Doing Business, Global Ranking, 2018-2019
Figure 5: India’s Mining Fiscal Regime - Corruption Perception Index Rank, 2014-2018
Figure 6: India’s Mining Fiscal Regime - EoDB and CPI Ranking
Figure 7: India’s Mining Fiscal Regime - Minerals Production Trend, 2011-2018
Figure 8: India’s Mining Fiscal Regime - Mines/Projects by Commodity and Stage, 2019

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