India’s proposed new mining tax is not a done deal

The Indian government is on the verge of giving final approval to a draft parliamentary bill that requires mining companies to share 26 per cent of their after-tax profits with project-affected communities. But even though the government has publicly committed itself to sending the bill to parliament and appears resistant to vocal opposition from companies and investors, the prospects for its enactment into law remain uncertain. This is because there are opportunities in the legislative...