Gold
Udhampur-Baramulla Rail Link Set to Begin Operations by January
Vadhavan Port Land Survey Begins Amid Local Opposition
The land acquisition process for the proposed Vadhavan Port near Dahanu in Maharashtra's Palghar district commenced on Monday, with teams from the National Highways Authority of India (NHAI), Indian Railways, and district officials initiating a survey of the 574-hectare area. According to Jawaharlal Nehru Port Authority (JNPA) Chairman Unmesh Sharad Wagh, the survey will conclude on December 18, followed by land acquisition proceedings and compensation distribution. Envisioned as one of the world’s largest ports, the Vadhavan Port project is slated for completion in two phases, with the fir..
Karnataka Introduces Bill to Tax Mines and Mining Land
In response to a recent Supreme Court ruling allowing state governments to impose taxes on minerals, the Karnataka government presented the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill 2024 in the Assembly. This move is expected to generate over Rs 47 billion in additional revenue. Under the proposed legislation, tax will be payable by mining leaseholders at the time of dispatching minerals, with different tax rates applied based on the mine’s category. A uniform tax rate is suggested for mining leases within the same category, taking into account the current additional paym..
JSW Infra Unveils Rs 300 Billion Capex; Aims 400 MTPA Cargo by FY30
JSW Infrastructure has announced a Rs 300 billion capital expenditure plan to boost its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30. The growth strategy will focus on logistics integration and a mix of greenfield and brownfield projects at key strategic locations across India. The company plans to enhance its logistics network through acquisitions, including Navkar Corporation, and a slurry pipeline project. In terms of brownfield expansion, JSW Infra is increasing capacity at existing ports in Jaigarh, Dharamtar, and Goa. It is also developing new ports at Jatadhar,..
