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Opinion News

The Economic Times

Opinion / The Economic Times

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States should mine more, not tax more: The fiscal lesson from Odisha

New legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral production significantly. States like Odisha and Jharkhand demonstrate how mineral wealth can drive fiscal gains. Focusing on auctioning more blocks will accelerate revenue generation for states. Increased mineral output is crucial for India's economic and national security.

12 Aug 2026 12:11 am