India’s Mining Fiscal Regime - H1 2014

The mining industry in India is governed by Ministry of Mines, Indian Bureau of Mines (IBM) and Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Act 1957, (MMDR) as amended up to May 10, 2012 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the mining sector in India.