Higher taxes could increase the cost of exports, reducing their competitiveness in the global market. This may lead to higher imports and lower exports, potentially widening the current account deficit. The Supreme Court's decision could create further challenges for the mining industry, despite settling disputes between the centre and states.
In today’s episode for 30th July 2024, we dive into a recent Supreme Court decision that finally put an end to a long-running tussle over mining taxes between the Centre and the states.
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