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A diminution, decrease or easing of something. Abatement refers to a reprieve from or reduction in a debt, tax or other payment obligation faced by an individual or company. In Real Estate, tax abatement is used by cities as an incentive to encourage the redevelopment of distressed areas by providing real property tax abatement for 10 or 15 years. … Full Definition »

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James M GilmoreAttorney at LawPRACTICE AREA: Professional Malpractice, Business Law, Health Care Law, Litigation, Animal Law
Raymond J PajaresAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Litigation, Animal Law
Edward C AbellAttorney at LawPRACTICE AREA: Business Law, Consumer Protection, Environmental Law, Litigation, Animal Law
Joseph I LipskyAttorney at LawPRACTICE AREA: Personal Injury, Animal Law
Business StandardAccording to the new Mines and Minerals (Development and Regulation) Act, 2015, state governments have to auction their non-coal mineral mines through a two-tier forward-bidding process. Before this Act, mines were handed out to miners on discretionary ... more »
LivemintWhile the process of selling the cement assets of Jaiprakash Associates has begun, the deal will not go through before a proposed amendment to the existing Mines and Minerals Development and Regulation (MMDR) Act is cleared. The MMDR Act currently ... more »