Loading...
Market
What will be the impact on mining companies' stock prices by the end of 2024 following the Supreme Court ruling?
2
Resolution / Starting Odds
Significant increase • 25%
Moderate increase • 25%
No significant change • 25%
Decrease • 25%
Stock market data and financial news sources
Story
Supreme Court Rules 8:1 That Mining Royalty Is Not a Tax on July 29
Jul 31, 2024, 07:41 AM
On July 29, the Supreme Court of India, in an overwhelming majority of 8:1, declared that the royalty charged on mining is not a tax, affirming that states are competent to levy taxes on mineral rights. This ruling comes in the context of a decades-old case involving the Centre and mineral-rich states. On July 31, the Centre opposed pleas in the Supreme Court seeking a refund of the royalty levied on mines and mineral-bearing lands retrospectively since 1989. The Supreme Court has reserved its order on this matter.
View original story
Similar markets
Yes • 50%
No • 50%
Significant increase • 25%
Moderate increase • 25%
No significant change • 25%
Decrease • 25%
Increase in lawsuits • 33%
Decrease in lawsuits • 33%
No significant change • 34%
Apple • 25%
Google • 25%
Microsoft • 25%
Amazon • 25%
Yes • 50%
No • 50%
Increase by more than 5% • 33%
Decrease by more than 5% • 33%
No significant change • 33%
$PM Increase • 33%
$MO Increase • 33%
$XXII Increase • 34%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
No significant change • 25%
Volatility without clear trend • 25%
Significant negative impact • 25%
Minor negative impact • 25%
No impact • 25%
Positive impact • 25%
Increase by over 10% • 25%
Decrease by over 10% • 25%
Remain within 10% range • 25%
Significant volatility without clear trend • 25%
Stock price increases • 25%
Stock price decreases • 25%
Stock price remains stable • 25%
Stock price highly volatile • 25%