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India says mining tax curbs for states needed to prevent market fragmentation - The Economic Times
The Indian government has implemented restrictions on new state taxes concerning mineral rights and land to streamline the national market and lower domestic mineral prices. However, opposition parties contend these limitations may harm the financial stability of mineral-rich regions. Jharkhand's chief minister has appealed to the Prime Minister for a re-evaluation of the legislation, although the federal government assures states will continue to receive the majority of mining-related tax revenues.
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