Now Reading: Jharkhand CM Soren urges PM to reconsider mining bill
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Jharkhand CM Soren urges PM to reconsider mining bill
Jharkhand Chief Minister Hemant Soren has urged Prime Minister Narendra Modi to reconsider the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, passed by Parliament on the same day. Soren flagged…
The Story in Brief
Jharkhand Chief Minister Hemant Soren has urged Prime Minister Narendra Modi to reconsider the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, passed by Parliament on the same day. Soren flagged that the bill could cost Jharkhand Rs 7,110 crore in annual revenue.
The legislation restricts states' powers to levy taxes on mineral rights and mineral-bearing lands. Soren's appeal highlights growing concern among mineral-rich states over losing fiscal autonomy in resource taxation.
The Indian Opinion
A familiar tug-of-war is unfolding: the Centre wants uniformity, states want their share. But neither side is telling the full truth. The bill may streamline mining, but it also guts state finances without offering a replacement. Jharkhand's Rs 7,110 crore figure, if accurate, would cripple its budget. The real test is whether the government releases a detailed state-wise revenue impact statement. Until then, this is a leap in the dark.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above.
