Centre proposes mineral tax parity across states, says states' rights intact
In short
The Centre is proposing changes to the mines law to bring mineral tax parity across states, the Union Mines Secretary said. The plan is meant to cut import dependence by encouraging local production and processing of critical minerals.
The government has also offered subsidies for lithium and nickel processing facilities. About 58 entities are registered under an e-waste recycling programme.
What the reporting says
The Centre is proposing amendments to the Mines and Minerals (Development and Regulation) Act to create tax parity across states, according to the Union Mines Secretary. The plan is meant to reduce import dependence by encouraging local production and processing of critical minerals. The government has also introduced subsidies for lithium and nickel processing facilities, while about 58 entities are registered under an e-waste recycling programme.
Why it matters
The Centre is proposing amendments to the Mines and Minerals (Development and Regulation) Act to create tax parity across states, while keeping states' rights intact. The stated aim is to reduce import reliance by promoting local production and processing of critical minerals. The government has also introduced subsidies for lithium and nickel processing facilities, and about 58 entities are registered under an e-waste recycling programme.