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