Supreme Court's ruling is a landmark decision as the verdict overruled a 1989 judgement, which held that only the Centre has the power to impose a royalty on minerals and mineral-bearing land. Now, states can also levy taxes on mineral rights and mineral-bearing land.
This revelation has been made by Union Minister of mines, coal and parliamentary affairs in reply to a question in the Lok Sabha on Monday.
While speaking to ANI in the national capital on May 16, the Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan spoke on economic relief package.
The amendments are with the Ministry of Law for its approval and the notification can be expected by this November, Mines Secretary Arun Kumar said.
Ranchi, Jul 17:Jharkhand Chief Minister ArjunMunda today stressed on judicious use of mineral resources as natural resources were exhaustible.“Keeping in mind that mineral resources like coal and iron ore are exhaustible, we should use them
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