Comparison of Royalty Rates of Iron ore, Manganese ore and Chromite for India, Australia, Brazil, Canada, China, South Africa, Thailand
Published: 28 June 2021| Version 1 | DOI: 10.17632/rf5t4zn99s.1
It is evident from the data that the royalties of three minerals taken is much higher in India as compared to other resource-rich countries. The Mining Industry in India is gripped with a multitude of problems. While the ambient level of effective taxation on mining is reasonable for most of the mineral-rich countries, the same for India at the current rate works out to be around 10%, higher than the sector average, after implementation of DMF and NMET levies.
Economics, Finance, India, Mining, Public-Private Partnership, Taxation, Corruption