LatestIncome Tax 15 August 2026
India Curbs Mining Tax
India's parliament has passed the Mines and Minerals Development and Regulation Amendment Bill to restrict state governments from imposing their own mining taxes, which is expected to prevent market fragmentation and create a more unified market, the bill aims to standardize mining taxes across the country to prevent different states from having different tax rates which could lead to market fragmentation and affect the overall economy
The Mines and Minerals Development and Regulation Amendment Bill has been passed by India's parliament to standardize mining taxes across the country. *Key features of the bill include*:
- Restricting state governments from imposing their own mining taxes
- Creating a more unified market
- Preventing market fragmentation, the bill is expected to have a positive impact on the economy by creating a more stable and predictable business environment for mining companies
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