LatestIncome Tax 15 August 2026
MMDR Amendment Sparks Revenue Fears
Odisha, one of India's richest mineral-producing states, could face a major revenue setback due to the MMDR amendment, potentially losing over ₹1 trillion in dues. This has raised concerns among industry leaders and government officials, who are worried about the impact on the state's economy.
The MMDR amendment has sparked revenue fears in Odisha, with the state potentially losing over ₹1 trillion in dues. The amendment is expected to have a significant impact on the state's economy, with industry leaders and government officials expressing concern. Some of the key issues include:
- Loss of revenue for the state government
- Potential job losses in the mining industry
- Impact on the state's economic growth
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