Revision of Coal Royalty is under Consideration
The major coal producing States such as Jharkhand, Orissa, Chattisgarh and Madhya Pradesh have requested for fixation of royalty rates on ad-valorem basis.
The proposal is under consideration of the new Study Group, set up by the Ministry of Coal, to recommend revision of the royalty rates on coal and lignite. The Study Group has already collected the views/comments of all the concerned stakeholders through questionnaires as well as direct meetings. The said Study Group is presently analyzing various suggestions received in this regard. The new royalty rates would be notified by the Government after examining the recommendations of the said Study Group.
This information was given by the Minister of Coal, Shri Sriprakash Jaiswal in written reply to a question in Lok Sabha today.