Now Reading: States’ mining revenue share rises to 88% in a decade
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States’ mining revenue share rises to 88% in a decade
States’ share of mining and coal revenue rose to 88% in 2024-25 from 65% in 2014-15, while the Centre’s share fell to 12% from 35%, according to data cited by Union Minister…
The Story in Brief
States’ share of mining and coal revenue rose to 88% in 2024-25 from 65% in 2014-15, while the Centre’s share fell to 12% from 35%, according to data cited by Union Minister G. Kishan Reddy. State collections increased from Rs 13,258 crore to Rs 71,035 crore, while the Centre’s rose from Rs 7,102 crore to Rs 8,932 crore.
Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, after the Rajya Sabha cleared it on Thursday. The Bill seeks to restrict states’ power to levy taxes on mineral rights and mineral-bearing lands. Reddy said uniform rate revisions would protect state revenues, which would continue to rise with production. The Bill now needs the President’s assent.
The Indian Opinion
Claims that the Bill either strips states of all mining income or leaves them untouched are both too sweeping. The data shows states already receive most such revenue, but the legislation changes their power to impose taxes. The minister’s assurance must therefore be judged against future rate revisions and actual collections. The first test will be whether state revenues keep rising after the new uniform rates take effect.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
