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Govt considering views of sub-group on revision of royalty rates on coal

Press Trust of India  |  New Delhi 

The government is considering the recommendations of a sub-group with regard to revision of present royalty rates on coal, Parliament was informed today.

"The Study Group has submitted its recommendations...which is under consideration with the government," said in a written reply to Lok Sabha.

The Centre had earlier set up a sub-group under the Chairmanship of Coal for examining the issue of revision of royalty rates on coal and lignite, the said.

The had earlier in the year asked the Centre to revise the coal royalty.

Stating that the royalty on coal was last revised in April 2012, said the royalty rate should be revised every three years.

Therefore, the coal royalty revision is due since April, 2015, it had said.

In a separate reply, the said in the last three financial years and in 2018-19 (till July 31), two mines -- Marki Mangli-I and Majra in -- have been auctioned to Topworth Urja and Metals and Jaypee Cement Corp, respectively.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 17:10 IST