2 weeks ago

BJD to oppose passage of Mines and Minerals Amendment Bill

BJD to oppose passage of Mines and Minerals Amendment Bill
BJD to oppose passage of Mining Bill · thehansindia.com

In India, states can make some of their own money by collecting taxes on minerals dug up from the ground, like iron ore.

The Union government, which runs the whole country, passed a law that would stop states from deciding their own mineral taxes.

A state called Odisha is worried because it has lots of minerals and makes a lot of money from them.

A political party in Odisha called the BJD is upset about this new law.

The party's leader, Naveen Patnaik, wrote a letter to Odisha's Chief Minister asking him to call a special meeting of the state Assembly.

He wants the Assembly to pass a resolution saying no to the new law.

The BJD says the law could cost Odisha at least Rs 12,000 crore, which is a huge amount of money.

The BJD also plans to protest and go to court to stop the law.

The Union government says the law is fair and just makes mineral taxes the same everywhere in the country.

The law still needs the President of India's signature before it becomes final.

Key facts

Bill
Mines and Minerals (Development and Regulation) Amendment Bill
Status
Passed in Lok Sabha and Rajya Sabha; awaits the President's assent
Opposing party
Biju Janata Dal (BJD)
BJD president
Naveen Patnaik
Odisha Chief Minister
Mohan Charan Majhi
BJD chief whip
Pramila Mallik
Estimated revenue loss to Odisha
At least Rs 12,000 crore
BJD plan
Legal action and public demonstrations

Quotes

BJD official statement

Official BJD statement

“The party raised concerns that the newly cleared Mines and Minerals (Development and Regulation) Amendment Bill will inflict heavy revenue losses on Odisha.”
thehansindia.com
“If the law is enacted, it would lead to a loss of at least Rs 12,000 crore to the State exchequer.”
thehansindia.com

Sources

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