India's parliament approved a mining tax overhaul, tightening central control over state levies on minerals and triggering pushback from mineral-rich states. The law restricts new state taxes and includes a retrospective provision that could invalidate pending claims. States like Odisha, Jharkhand, and Chhattisgarh worry about lost fiscal autonomy, while the Centre argues it ensures uniform taxation.
India's mining tax overhaul sparks state concerns
Source: Firstpost