The Sultanate’s Surcharge: MMDR Amendment shifts wealth from states to miners
· economictimes.indiatimes.com
Parliament passed the Mines and Minerals Amendment Bill 2026 on Thursday. This legislation aims to standardize mineral taxation across Indian states. The bill effectively neutralizes a Supreme Court ruling on state taxing powers. It also protects mining companies from past tax liabilities. This move centralizes authority and impacts federalism and future resource benefits.
The new Mines and Minerals (Development and Regulation) Amendment Bill 2026 was passed by Parliament on Thursday. The Statement of Objects and Reasons cites inc...