• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

District Mineral Foundation (DMF)

September 13, 2021
in Law & Policy
Reading Time: 3 mins read
0
District Mineral Foundation (DMF)
393
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news– Around 165 District Mineral Foundation Trusts (DMFs) have been exempted from Income Tax payment recently.

About exemption-

  • The Ministry of Finance has taken measures to get the DMF trust exempted from Income Tax. 
  • Section 10(46) of the Act was amended by Finance Act 2018 so that all the DMF Trusts could be notified as ‘Class of Authority’. 
  • Accordingly, Department of Revenue in September 2020 notified 151 ‘District Mineral Foundation Trust’ and on 10th September 2021 notified 165 DMFs as ‘class of Authority’, in respect of the income arising to DMF.  
  • Hence Total 316 District Mineral Foundation Trusts have been notified as ‘class of Authority’ in respect of the income arising to DMF on account of contributions by leaseholders to DMF as per the MMDR Act.

About District Mineral Foundation Trusts (DMFs)-

  • District Mineral Foundations are statutory bodies in India established by the State Governments by notification(as a trust or non-profit body). 
  • They derive their legal status from section 9B of Mines and Minerals (Development and Regulation) Act, 1957 as amended on 26 March 2015 as Mines and Minerals (Development and Regulation) Amendment Act, 2015. 
  • In September 2015, the Central Government issued a notification directing states to set up DMF &  rates of contribution payable by miners to the DMFs.
  • Under the Act of 2015, a provision was made also to create a National Mineral Exploration Trust under the jurisdiction of the central government, with 2% of royalty as levy, for boosting detailed exploration of minerals.
  • They are established in all the districts affected by mining works, to work for the interest and benefit of persons and areas affected by mining related operations. 
  • It is funded through the contributions from miners (which varies from 10% to 30%).
  • The object of the DMF is to work for the interest and benefit of persons, and areas affected by mining related operations in such a manner as may be prescribed by the State Government. 
  • Every holder of a mining lease or a prospecting licence-cum-mining lease shall, in addition to the royalty, pay to the DMF of the district in which their mining operations are carried on. 
  • If the mining area is spread across several districts, the fund is shared on a pro-rata basis by these districts. 
  • DMF contribution would not be exceeding one-third of royalty and the Central Government retains the power to prescribe the rates of contribution, though DMF’s operation is under state governments. 
  • DMF funds are treated as extra-budgetary resources for the State Plan.
  • Further, using the funds generated by this contribution, the DMFs are expected to implement the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY), launched on 17 September 2015 for the welfare of mining areas and affected population. 
  • So far, DMFs have been set up in 600 districts in 22 States in the country which have framed DMF rules.

Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY)

  • This programme is meant to provide for the welfare of areas and people affected by mining related operations.
  • It is implemented by the District Mineral Foundations (DMFs) of the respective districts using the funds accruing to the DMF from miners.

The overall objective of PMKKKY scheme include:

  • To implement various developmental and welfare projects/programs in mining affected areas, and these projects/ programs will complement the existing ongoing schemes/projects of the State and Central Government.
  • To minimize/mitigate the adverse impacts, during and after mining, on the environment, health and socio-economics of people in mining districts.
  • To ensure long-term sustainable livelihoods for the affected people in mining areas.

   All areas directly affected by mining related operations as well as those areas indirectly affected by such operations are covered under PMKKKY.

image_pdfMake PDF
Source: PIB
Tags: PIBPrelims

Related Posts

How are MPs disqualified?

How are MPs disqualified?

March 25, 2023
Rajasthan Right to Health Bill

Rajasthan Right to Health Bill

March 23, 2023
What is double jeopardy?

What is double jeopardy?

March 21, 2023
Unnathi programme launched during silver jubilee of Kudumbashree

Unnathi programme launched during silver jubilee of Kudumbashree

March 20, 2023
Low-Temperature Thermal Desalination (LTTD) technology

Low-Temperature Thermal Desalination (LTTD) technology

March 20, 2023
Rajasthan govt proposes a Bill to protect advocates

Rajasthan govt proposes a Bill to protect advocates

March 18, 2023
Research, Education and Training Outreach (REACHOUT) for capacity building

Research, Education and Training Outreach (REACHOUT) for capacity building

March 18, 2023
New Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022

New Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022

March 16, 2023
ATL Sarthi

ATL Sarthi

March 16, 2023
What is pre-arrest bail?

What is pre-arrest bail?

March 15, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

March 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Feb    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News Newspaper News Paper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News Newspaper News Paper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In