Centre to devise new formula for royalty on coal

Faced with a demand from major coal producing States such as Jharkhand, Orissa, Chhattisgarh and Madhya Pradesh, the Centre is considering royalty on ad-valorem basis.

A study group, set up by the Ministry of Coal, will recommend revision of royalty rates on coal and lignite. Coal Ministry officials said the study group had already collected views/comments from the stakeholders concerned. The new royalty rates would be notified by the government after examining the group’s recommendations.

Source – The Hindu

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SUMIT KUMAR

Executive at India Electron Exchange

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1 Response

  1. raj says:

    Royalty of State govt who will use it for constructing fabulus mansions for IAS /IPS an dministers . Even 10 % won’t reach tribals who have dispossed of their livilihood

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