{"id":351848,"date":"2020-05-18T11:34:18","date_gmt":"2020-05-18T06:04:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351848"},"modified":"2020-05-18T11:34:18","modified_gmt":"2020-05-18T06:04:18","slug":"fm-nirmala-sitharamans-big-reforms-push-in-mining-but-no-action-on-high-levies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fm-nirmala-sitharamans-big-reforms-push-in-mining-but-no-action-on-high-levies\/","title":{"rendered":"FM Nirmala Sitharaman\u2019s big reforms push in mining, but no action on high levies"},"content":{"rendered":"<p>With 500 mining blocks to be auctioned \u2013 no timeline has been given, though \u2013 along with a Rs 50,000 crore investment to ramp up critical infrastructure, and significant improvement in the process of getting mining licenses, the government hopes to attract large investment in the sector. Even without including oil, mineral imports add up to around 30% of India\u2019s overall imports, making it clear just how important it is to get the mineral policy right.<\/p>\n<p>Little has been done, however, about Indian levies that, on average, are around 40-45% (without including the corporate tax) compared to 5-14% globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With 500 mining blocks to be auctioned \u2013 no timeline has been given, though \u2013 along with a Rs 50,000 crore investment to ramp up critical infrastructure, and significant improvement in the process of getting mining licenses, the government hopes to attract large investment in the sector. Even without including oil, mineral imports add up to around 30% of India\u2019s overall imports, making it clear just how important it is to get the mineral policy right. Little has been done, however, about Indian levies that, on average, are around 40-45% (without including the corporate tax) compared to 5-14% globally.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-351848","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351848"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351848\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}