Parliament approved the Mines and Minerals Amendment Bill, 2026, on Thursday. This legislation empowers the central government to regulate state taxes on mineral rights. Excessive fiscal burdens were cited as a reason for the new restrictions. The move follows a Supreme Court verdict allowing states to levy additional mining taxes. A uniform fiscal framework will guide future mining tax impositions across the nation.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.