The retrospective application of the decision to allow states to tax mines and minerals could have first- and second-order economic impacts

In July, after summer vacation, the top court closed a long-pending case on mineral royalty and denied a retest of the 2024 NEET UG exam

A nine-judge bench in one of the longest pending cases confirmed that only states have the power to tax mineral-bearing land

The Constitution Bench of the SC upheld the state governments’ power to tax mines and minerals in an 8:1 majority. Why does this matter?