Exploration of Coal Belt
The revenue accruing from royalty on coal from all coal companies, including companies formed under public private partnership, gets credited into the Consolidated Funds of the State Governments concerned. Since the local area activities undertaken by the State Governments are funded through their annual budget, it is difficult to determine any direct co-relation between the revenue accruals from royalty and the budgetary support to local area development activities.
The coal produced by Coal India Ltd.(CIL) and its subsidiaries account for nearly 80% of the total coal production of the country. However, the company’s production plan, including development of new coal fields and mines, are as per the Annual and Five Year Plans, subject to obtaining various statutory clearances. The coal production and progress of major projects of CIL are being monitored from time to time and remedial measures are taken as felt necessary.
This information was given by the Minister of State of Coal, Shri Pratik Prakashbapu Patil in a written reply in Lok Sabha today.
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