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Lok Sabha passes bill to amend mines and minerals law without debate
The Lok Sabha passed a bill to amend mining regulations. This legislation prevents states from imposing additional taxes on mineral rights. It also shifts control of mineral-bearing lands to the central government. The bill aims for greater fiscal certainty and national economic growth. Existing state taxes not yet recovered will be deemed invalid.
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economictimes.indiatimes.com
Govt introduces bill in LS to restrict state taxes on mineral rights
The Centre has launched a new bill to limit state taxation on mineral rights, aiming to centralize authority over selected mineral-rich areas. This legislation seeks to ensure a…
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thehindubusinessline.com
Govt introduces bill in LS to amend regulations for mines and minerals
Government introduces a bill in Lok Sabha to amend mining regulations, limiting state taxes on mineral rights for economic stability.
