*** All donations towards the Prime Minister's National Relief Fund (PMNRF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act 1961. ***
Bharat Gold Mines limited (BGML), erstwhile public sector undertaking was incorporated in April, 1972 under the administrative control of Department of Mines with its office at KGF. BGML was engaged in (i) mining and production of gold mainly in KGF and (ii) in a few smaller operations in Andhra Pradesh. When the BGML operations become economically unviable, operations of BGML were closed with effect from 01.03.2001 under Section 25(O) of the Industrial Disputes Act, 1947 in terms of Ministry of Labour’s order dated 29.1.2001. The Cabinet had taken a decision in the year 2006 to dispose the assets through a global tender with first right of refusal in favour of the ex-employees society. Due to passage of time various changes had taken place and various issues emerged and the decision of the Cabinet could not be implemented. However, presently Ministry of Mines is exploring future course and other viable options in respect of BGML.
Annual Report 2019-20
Annual Report 2019-20- Review by Government