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Mining for better RoI, better sharing next - The Economic Times
In a significant legislative shift, the Centre has revised a 1957 Act to enhance its oversight of mineral resources. The newly established rules will dictate how state governments can impose taxes and levies on mineral-rich lands, promoting a more stable fiscal framework for the mining industry. Furthermore, court-challenged state levies have now been rendered void, pushing for fair revenue sharing with states as an essential next step.
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2 prospettive sulla stessa storiaTimeline cronologica
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economictimes.indiatimes.com
Mines Act update proposes to curb states' tax powers
The Centre has proposed limiting states powers to impose taxes, cess and other levies on mineral rights and mineral-bearing land, seeking a more uniform fiscal framework and lower…
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hindustantimes.com
Bill to bar state taxes on minerals tabled in Parliament, Oppn calls for committee review
The bill seeks to give the Centre greater regulatory command over mines, while expanding this power to mineral-bearing lands. | India News
