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INDIA MINING TAX REFORMS
- The Sultanate’s Surcharge: MMDR Amendment shifts wealth from states to miners
Parliament passed the Mines and Minerals Amendment Bill 2026 on Thursday. This legislation aims to standardize mineral taxation across Indi...
Mining for better RoI, better sharing nextIn a significant legislative shift, the Centre has revised a 1957 Act to enhance its oversight of mineral resources. The newly established ...
Jharkhand CM Soren urges PM Modi to reconsider mining bill, flags impact on state's financesJharkhand's Chief Minister Hemant Soren urged Prime Minister Modi to reconsider the mining bill. He stated restrictions on state levies cou...
Tax Bill 2026 clears tax hurdles for electronics manufacturing and boosts India's global supply chain competitivenessThe Taxation and Other Laws (Amendment) Bill 2026 is a transformative measure aimed at boosting global electronics supply chains. By elimin...
Parliament passes Mines and Minerals Amendment Bill, empowering Centre to regulate state mining leviesParliament approved the Mines and Minerals Amendment Bill, 2026, on Thursday. This legislation empowers the central government to regulate ...
Kerala to oppose Centre's MMDR Act amendments restricting state powers on mineral taxesKerala will oppose federal amendments to the Mines and Minerals Act. The state argues these changes erode constitutional powers and cause r...
Lower house passes amendments curbing states power to tax mineralsLok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, curbing states' powers to impose taxes and cess ...
Lok Sabha passes bill to amend mines and minerals law without debateThe Lok Sabha passed a bill to amend mining regulations. This legislation prevents states from imposing additional taxes on mineral rights....
India's net direct tax collections jump 23% to Rs 8.11 lakh crore, non-corporate taxes lead gainsIndia's net direct tax collections surged 23.09 percent to ₹8.11 lakh crore as of August 10. Non-corporate tax collections rose significant...
States should mine more, not tax more: The fiscal lesson from OdishaNew legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral pr...
India growth seen slowing to 6.6% in FY27, says Fitch Group company BMIFitch Group’s BMI expects India’s economic growth to slow to6.6% in FY27, from 7.7% in FY26, as the boost from last year’s GST reforms fade...
- 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 ...
Centre proposes to curb powers of states to tax mineralsThe central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the ...
CBIC directs CGST zones to track illegal mining, curb tax evasionCentral tax authorities are taking proactive measures by partnering with state mining departments to address the issue of illegal mineral e...
Policy reforms speed up coal block operationalisation: Coal Secretary Vikram Dev DuttIndia's coal sector policy reforms have significantly reduced operationalisation timelines for explored blocks. These changes enable faster...
India’s new 15-year tax break could unlock global rough diamond tradeIndia is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This me...
Govt unveils tax overhaul to woo global investors, boost manufacturingA new bill aims to attract foreign investment and support key industries. It eases rules for offshore funds and global fund managers operat...