{
  "id": 2128457,
  "title": "SAIL Welcomes Mines And Minerals Amendment Act, Says Reforms Will Strengthen Mining Viability",
  "url": "https://urgent.news/2026/08/20/sail-welcomes-mines-and-minerals-amendment-act-says-reforms-will",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T11:29:15.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/sail-welcomes-mines-and-minerals-amendment-act-says-reforms-will-strengthen-mining-viability"
  },
  "original_language": "en",
  "account": "New Delhi: The Steel Authority of India Limited (SAIL) expressed its approval of the Mines and Minerals (Development and Regulation) Amendment Act, 2026, implemented on August 17, stating that the changes will enhance the predictability of the fiscal system and offer long-term policy stability to the mining industry. The amendment is believed to provide clearer and harmonized regulations for mineral taxation and charges while settling outstanding retrospective levies. This action is anticipated to offer greater assurance and confidence to the mining sector, stimulating investment and growth in the industry. Moreover, the move tackles pending retrospective levies, thereby offering enhanced certainty and confidence to the mining sector. SAIL, which operates significant captive iron ore and coal mines, anticipates that the reform will bolster the viability of its mining activities and facilitate the investment and development of mines. The company emphasized that the increased predictability in the fiscal system would aid in the effective utilization of its mineral resources and reinforce long-term raw-material security. The reform is also expected to spur iron ore mining and augment the availability of the essential raw material in the domestic market. SAIL projected that the improved viability and development of its captive mines would enable the company to supply additional iron ore to the market, subject to the prevailing regulatory framework. According to SAIL, a higher availability of domestically produced iron ore would fortify domestic supply chains and aid the Indian steel industry by improving access to indigenous raw materials. The steel major claimed that the reforms are projected to spur higher investment and production, diminish reliance on imports, fortify India's mineral and energy security, and enhance the competitiveness of mineral-based industries. SAIL reiterated its dedication to the responsible and sustainable utilization of its mineral resources, bolstering captive raw-material security and making more quantities of iron ore accessible to the domestic market in line with the vision of an Atmanirbhar and Viksit Bharat.",
  "summary": "New Delhi: Steel Authority of India Limited (SAIL) on Thursday welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, notified by the Central Government on August 17, saying the reform will bring greater predictability to the fiscal regime and provide long-term policy certainty to the mineral sector. SAIL said the amendment provides greater clarity and uniformity in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}