From Our Special Correspondent
Daijiworld Media Network

New Delhi, Jan 9: Union Heavy Industries and Steel Minister H D Kumaraswamy on Thursday took up the additional taxation imposed by Karnataka on mining as it wold “negatively affect mining and steel sectors.”

Kumaraswamy took up the issue of Karnataka’s additional taxes on mining in the State with Union Law Minister Arjun Ram Meghwal in New Delhi on Thursday.

In the meeting attended by Steel Ministry Secretary Sandeep Poundrik, NMDC Chairman Amitava Mukherjee, senior officials from the Law Ministry and top representatives of various mining companies, Kumarawamy sought Meghwal’s intervention as the heavy burden of these taxes and their negative impact on mining activities.

The meeting discussed 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 and underscored 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.