States should mine more, not tax more: The fiscal lesson from Odisha
· economictimes.indiatimes.com
New legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral production significantly. States like Odisha and Jharkhand demonstrate how mineral wealth can drive fiscal gains. Focusing on auctioning more blocks will accelerate revenue generation for states. Increased mineral output is crucial for India's economic and national security.
Once Mines and Minerals (Development and Regulation) Amendment Bill 2026, introduced on Monday in Lok Sabha, becomes legislation, states will lose the right to ...