Indian draft Mines and Minerals (Development and Regulation) Act added new provisions requiring non-coal mining companies to contribute 100% of their royalty to the proposed District Mineral Foundation, and coal mining companies to contribute 26%
Fall in both domestic and international prices of cotton led the Indian government to review the industry which has been in trouble recently. The Govt. has decided to restore tax rebates on raw cotton and cotton yarn for export in this regard . From
In order to avoid the double taxation and prevention of fiscal evasion, an agreement and protocol has been announced by the Indian government with Lithuania with respect to taxes on income and capital. This is the first double tax agreement to be
