I fail to understand what we are discussing here. This is not the thread for mining sector but GPIL. And we are not discussing personal views but ground reality. I do not agree that reducing royalties will lead to mining growth. But that is beside the point. Fact is SC has already approved right of State Govts to tax mineral mining. Moreover, it is retrospective. Some analyst say that the amount in case of Odisha only may reach 30000 cr. And majority of it on Iron ore. We can safely assume that other states will also join the bandwagon. It is apparent to any casual observer to see the squeeze in margin for iron ore companies, particularly when there is demand slump due to Chinese concern.
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