Is the ‘money mine’ going to fall into the hands of the states? This decision of the Supreme Court will overturn the mathematics of centre-state relations.
The Supreme Court gave a historic decision on Thursday. The nine-judge bench of the Supreme Court, while giving its verdict with a majority of 8:1, said that royalty on minerals cannot be considered a tax. Along with this it was also said that state governments have the right to impose tax on minerals. This decision