Centre Proposes Tax Parity in Mineral Taxation Across States
The Centre has proposed amendments to the Mines and Minerals Act to bring tax parity across states. The government says the aim is to cut reliance on imports by encouraging local production and processing of critical minerals. It also says states' rights will remain intact.
Context
Context: Mineral taxes and royalties in India are shared between the Centre and the states, and critical minerals are needed for batteries and electronics. Much of this supply is imported, so building local processing is a long-running policy goal.
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