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
-
Thiruvananthapuram, April 1 (IANS) The estranged wife of a Kerala minister Monday accused Chief Minister Oommen Chandy of "cheating&qu...
-
Sr. No. District => Population Growth Rate Sex Ratio Literacy Density/km 1 Malappuram => 4,110,956 13.39 1096 93.55 1158 2 Thiruv...
-
The Centre has approved construction of 300 MW Lakhwad Hydro-power project and also consented to provide fund for the project. Decision to...
-
The newly appointed Union Minister of Finance, Shri Arun Jaitely assumed charge of his office here today. After assuming the charge, the...
-
The Vice President of India Shri M. Hamid Ansari has said that as we mark Human Rights Day today, we need to introspect on some human r...
-
Thiruvananthapuram, April 1 (IANS) Kerala's State Forest and Sports Minister K.B.Ganesh Kumar handed over his resignation to Chief M...
-
Congress candidate Vijay Bahuguna filed his nomination for Sitarganj Assembly By-Election on Wednesday. Kiran Mandal and Mohammed Tahir Ah...
-
Andaman and Nicobar(UT), Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chandigarh, Chattisgarh, Dader and Nagar Have...
-
Youtube Video Promotions, Get More Real Visitors » My Site Traffic:Ultimate Targated Website Traffic Generator : we are youtube views pro...
-
Worldwide Website Traffic Plans » My Site Traffic:Ultimate Targated Website Traffic Generator : worldwide website traffic plans are very eff...