![Mining companies are staring at a massive Rs 2-lakh-cr loss.](https://market-tracker.in/wp-content/uploads/2022/11/valves-for-mining-minerals-and-processing-1.jpg)
Mining companies are staring at a massive Rs 2-lakh-cr loss.
On Wednesday, the Supreme Court denied a request to modify its June 25 decision, upholding state governments’ legislative authority to impose taxes on mineral rights and mineral-bearing lands in addition to royalties with future effect. This authority also permits these levies to be collected from “mining firms and the Center” as of April 1, 2005….