Additional tax on mining, steel sectors in Karnataka: Union Minister H D Kumaraswamy meets Law Minister Arjun Ram Meghwal
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New Delhi: Union Minister of Steel and heavy industries, H D Kumaraswamy, held a significant meeting with Union Law Minister Arjun Ram Meghwal to discuss the adverse impact of the additional taxation imposed by the Karnataka Government on mining, which could negatively affect the mining and steel sectors.
The meeting, held on Thursday at the Ministry of Heavy Industries in New Delhi, was attended by Steel Ministry Secretary Sandeep Poundrik, NMDC Chairman Amitava Mukherjee, senior officials from the Law Ministry and top representatives of various mining companies.
The heavy burden of these taxes and their negative impact on mining activities were key points of discussion during the meeting. It was discussed in the meeting that Karnataka was taxing 3X more when compared across the nation in terms of taxes. Kumaraswamy shared detailed insights on the pros and cons of this decision with minister Meghwal.
Referring to Prime Minister Narendra Modi’s vision for a developed India by 2047, Kumaraswamy highlighted the ambitious goal of making India the third-largest economic power globally. He further noted the target of producing 300 million tonnes of steel annually by 2030.
“With such aspirations in mind, it is crucial to address the bottlenecks in the mining and steel sectors,” he said.
Supporting Kumaraswamy’s remarks, Meghwal added, “To realise the Prime Minister’s dream, we must take collective measures to ensure the same.”
– Team Mysoorunews
Mysooru News
