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Parliament Watch: Mines & minerals update bill approved, EPFO declarations
Parliament has approved a bill to regulate state governments' powers on mining taxes. This new legislation aims to ensure global competitiveness within the mining sector. Excessive fiscal burdens will be addressed to make mining operations commercially viable. States will continue to be the primary beneficiaries of mining tax proceeds. A uniform and balanced fiscal framework will guide future state levies.
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scroll.in
Centre introduces bill in Lok Sabha to restrict states from imposing taxes on mineral rights
The bill, introduced by Union minister G Kishan Reddy on Monday, also seeks to empower the Union government to regulate mineral-bearing lands.
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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
