Motilal Oswal
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Motilal Oswal
Economy

Tata Steel says higher taxes, regulatory oversight discourage global miners from coming to India

Updated : June 22, 2019 04:56 PM IST

The MMDR act has kept exploration limited to government companies only, whereas, globally, it is also open to the private sector
The effective tax rate for the mining sector in India is around 60-64 percent, which is the highest in the world
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