LatestIncome Tax 15 August 2026
India Curbs Mining Tax
India's parliament has passed the Mines and Minerals Amendment to prevent market fragmentation by implementing mining tax curbs for states, which will help regulate the industry and promote economic growth. The move aims to create a more unified market and reduce fragmentation.
India says mining tax curbs for states are needed to prevent market fragmentation. The Mines and Minerals (Development and Regulation) Amendment has been passed by India's parliament. Key points of the amendment include:
- Regulating mining taxes across states to prevent fragmentation
- Promoting economic growth by creating a more unified market
- Helping the industry by reducing complexities and uncertainties
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