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State tax on minerals will lead to economic disaster: Centre to SC | India News

India News: Opposing tax on minerals over and above royalty, the Centre Wednesday told Supreme Court that tax levied by a few mineral-rich states would impede FDI in mining sector, render Indian minerals costlier and less competitive in international market, increase trade deficit and result in skewed economic growth among states.
Madhya Pradesh Minerals Development Supreme Court Centre Wednesday Andhra Pradesh Ndia News

Supreme Court Ruling on State Minerals Tax and Its Impact on Government Oil Companies | India News

India News: The decision of the Supreme Court's nine-judge Constitution bench on states' legislative competence to levy tax on mineral-producing land could have a significant impact on central oil companies. Assam, a major inland crude and natural gas producing state, has stated that the state tax due from crude extraction amounts to over Rs 4,500 crore. Find out more about the ruling and its implications for government oil companies.
New Delhi S Niranjan Reddy Vijay Hansaria Ujjal Bhuyan Sansriti Pathak Satishc Mishra

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