business ⛏️ Centre aims to control mineral tax across states
The Mines and Minerals (Development and Regulation) Amendment Bill 2026 was passed by both Lok Sabha and Rajya Sabha. This move seeks to bring mineral-bearing land regulation under the Central government, impacting state tax powers. The bill addresses heavy tax burdens caused by multiple state levies on mineral rights and land. This is amidst Opposition criticism claiming it violates a 2024 Supreme Court judgment. The amendments aim to bring fiscal stability to boost India's lagging mining sector. ⛏️