Centre Proposes Mineral Taxation Parity While Ensuring State Rights Remain Fully Protected and Intact

The Union government is actively working on a proposal to establish <b>mineral taxation parity</b> across the country to streamline the mining sector. Union Mines Secretary V.L. Kantha Rao clarified that while the Centre aims to create a uniform framework, the constitutional rights of states to collect revenue will remain <b>fully intact</b>. This initiative is designed to balance national economic interests with the fiscal autonomy of mineral-rich states. Officials emphasized that the proposed changes are intended to foster a more predictable investment climate for mining companies. By harmonizing tax structures, the government hopes to reduce regional disparities in mineral exploration and extraction, ensuring that both the central and <b>state governments</b> benefit from sustainable resource management practices moving forward.