New Delhi, Aug. 16 -- The Mines and Minerals (Development and Regulation) Amendment Bill, 2026, passed by both Houses of Parliament on August 13, aims to bring greater certainty and stability to India's major minerals sector by creating a more predictable fiscal regime and encouraging investment in domestic mining, the Ministry of Mines said in a press release.

The Ministry said the amendment does not take away any rights of states over land and minerals or their power to levy taxes on minerals, the ministry said. Around 90 per cent of the taxes and statutory payments from mining currently accrue to states, and this arrangement will continue under the amended framework. The amendment will also not affect states' powers to regulate and ta...