Now Reading: SAIL and FICCI welcome Mines and Minerals Amendment Act 2026
-
01
SAIL and FICCI welcome Mines and Minerals Amendment Act 2026
Steel Authority of India Limited (SAIL) on Thursday welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, which the central government notified on August 17. SAIL said the reform brings…
Steel Authority of India Limited (SAIL) on Thursday welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, which the central government notified on August 17. SAIL said the reform brings greater predictability to the fiscal regime and provides long-term policy certainty to the mineral sector, addressing pending retrospective levies and creating uniformity in mineral taxation.
FICCI Mining Committee Chair and NMDC CMD Amitava Mukherjee also welcomed the amendment, saying it will curb non-uniform state taxes and unexpected cesses that have increased extraction costs. He said the new Section 9D empowers the Centre to streamline levies on mineral-bearing lands, which could unlock capital investment and accelerate mineral exploration.
SAIL, which operates captive iron ore and coal mines, said the reform will improve viability of its mining operations and help it make additional iron ore available for sale in the domestic market. Both SAIL and FICCI said the amendment will reduce import dependence and strengthen India's mineral security.
Indian Opinion Analysis
Both Free Press Journal and The Hindu report the same event with near-identical framing: a welcoming response from state-linked industry bodies SAIL and FICCI. Neither source quotes any critic, opposition figure, or environmental voice. Free Press Journal leads with SAIL's operational benefit and includes the Atmanirbhar Bharat framing, The Hindu leads with FICCI's tax-uniformity argument and the Section 9D mechanism. The coverage is uniform straight reporting of corporate press releases, with no critical angle. A careful reader should note that the amendment's impact on state government revenues or on mining-affected communities is absent from both accounts. The next thing to watch is whether state governments challenge Section 9D in court.
Word count: 120.
Coverage: 2 sources, 2 neutral
Sources (2): freepressjournal.in (neutral report), thehindu.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
