The major coal producing States have proposed for fixation of royalty rates @ 20% ad-valorem basis, in place of the presently followed hybrid formula based royalty rates on coal and lignite. The proposal was considered by a Study Group, constituted by the Government to examine the issue of revision of royalty rates on coal and lignite. The Study Group held extensive deliberations on the issues involved and also held consultations with all the stakeholders. On the basis of the recommendations of the Study Group, the Union Government has finalised and accepted the proposal of the coal bearing States, including Assam, for shifting to ad-valorem based system of royalty rates. However, keeping in view the interest of consumer States and the Power sector, the Government has approved for 14% ad-valorem royalty on coal, which will come into force with effect from the date of publication in the Gazette of India. This information was gien by the Minister of State for Coal Shri Pratik Prakshbapu Patil in a written reply in Rajya Sabha.
You May Also Like
loading...
Popular Posts
-
Mumbai, March 27 (IANS) Mohit Suri, seen as Lord Shiva in mythological TV series "Devon Ke Dev... Mahadev", has clarified he is...
-
( PIB ) The Competition Commission of India has found certain Explosive Suppliers who supply explosives to Coal India Limited in violation o...
-
Employment Opportunities for Women in Small Scale Industries The Ministry of Micro, Small and Medium Enterprises facilitates promotion of ne...
-
The project was initiated as part of an 11th Plan scheme in March 2010 as an effort to restructure and consolidate the erstwhile operati...
-
On the basis of the results of the Combined Defence Services Examination (I)-2014 held by the Union Public Service Commission on Februa...
-
Union Minister for Rural Development Shri Jairam Ramesh said that creating physical infrastructure in rapidly urbanizing clusters will be...
-
Sr. No. District => Population Growth Rate Sex Ratio Literacy Density/km 1 Thane => 11,054,131 35.94 880 86.18 1157 2 Pune => ...
-
New Delhi/Mumbai, March 27 (IANS) After actor Sanjay Dutt, Press Council of India chairman Markandey Katju Wednesday sought a pardon for Za...
-
Mumbai, April 8 (IANS) Emraan Hashmi, who is playing the male lead in forthcoming supernatural thriller "Ek Thi Daayan", says a d...
-
Chief Minister Vijay Bahuguna, in his message to the people on the eve of 65 th Anniversary of Independence Day on Tuesday, said that the...