Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Govt introduces Bill in LS to amend regulations for mines and minerals

PTI
Updated: August 10th, 2026, 14:30 IST
in Business, Home News, National
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: The government introduced a Bill in the Lok Sabha Monday to amend the regulations for mines and minerals, whereby states will be restricted from levying additional tax on mineral rights.

With the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, the Centre also seeks to take under its control the regulation of mineral-bearing lands having mineral contents in accordance with the parameters prescribed under the MMDR Act.

Also Read

Visas are a ‘sovereign function’: MEA on Bharat Summit row

2 hours ago
Blast

Pakistan: Five killed, 13 injured in car bombing at security checkpoint in Balochistan

3 hours ago

“This is in addition to the existing provision which declares the Union’s control over the regulation of mines and the development of minerals,” according to the Bill’s Statement of Objects and Reasons.

Minister of Coal and Mines G Kishan Reddy introduced the Bill amid protests by opposition members over various issues.

The Bill states that “no tax, cess or such other levy (by whatever name called) shall be imposed by the state government on mineral rights”.

The provisions would also apply to mineral-bearing lands, either based on mineral quantity, mineral value, royalty or otherwise, except in accordance with such conditions or restrictions as may be prescribed by the central government.

A new section is to be inserted in the Mines and Minerals (Development and Regulation) Act in this regard.

Besides, the Bill proposes to provide that any such tax, cess or other levy which is not deposited with the state government or recovered by it before the commencement of the MMDR (Amendment Act), 2026, would be deemed to be invalid at all material times.

“However, any such tax, cess or other levy on mineral rights or on mineral-bearing lands, already deposited with the state government or recovered by it before such commencement, shall not be liable to be refunded,” the Bill said.

In the Statement of Objects and Reasons, Reddy said these amendments strive to provide certainty, stability and predictability in the fiscal regime in the mineral sector, thereby giving impetus to national economic growth which would facilitate the aims of Atmanirbhar Bharat and ultimately attaining the vision of Viksit Bharat 2047.

He said any regional disparity in fiscal impositions on minerals impacts public interest and that unbalanced imposition of steep taxes and levies will prompt the industry to completely bypass local supply lines, leading to sub-optimal development of markets, increased transportation costs and the resultant pollution load.

“There is also a risk of an increase in imports of minerals despite having sufficient local mineral resources as domestic mineral supply becomes expensive,” the minister said.

He also mentioned that uneven imposition of taxes on mineral rights and mineral-bearing lands by the state governments in the absence of reasonable limitations has resulted in various issues.

“An excessive tax burden at the extraction stage or otherwise may ultimately increase the cost of goods and services and, consequently, the cost of living for the common citizen in the country. Further, any retrospective imposition of taxes would cause legal uncertainty and erode investors’ trust,” Reddy said.

RSP leader N K Premachandran opposed the introduction of the Bill, saying it is against federalism.

PTI

Orissa POST – Odisha’s No.1 English Daily
Tags: billLok SabhamineralMines
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019

Archives

Editorial

Owners Of The Earth

November 11, 2026

The infidelity of the Nvidia co-founder, Jensen Huang, the AI tech giant company’s CEO, who recently admitted he had been...

Read moreDetails

Self-Harm

Pic Bikash Nayak, OP
November 10, 2026

The quality of air that people across cities in India have been breathing on Deepabali nights for the past few...

Read moreDetails

Faith Under Fire

Aakar Patel
November 8, 2026

By Aakar Patel Attacks on Bengali Christians and their churches have begun following the BJP's victory in the state. Last...

Read moreDetails

A New Orientation

Silent Shift
November 7, 2026

By Dilip Cherian The Centre appears keen to give young IPS officers early exposure to the workings and priorities of...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST