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Odisha Government Reiterates Demand for Revision of Coal Royalty

Coal News - Published on Tue, 17 Sep 2019

Image Source: odishabytes.com
TOI reported that with the Odisha government losing huge revenues due to nonrevision of royalty on coal, chief secretary Mr Asit Tripathy once again urged the Centre to revise the royalty on coal, which is due since April 2015. Coal is one of our important resource while Odisha has been demanding fair compensation on it. Coal royalty has not been increased for many years. The state government has taken up the issue for several times with the Centre. We want coal production should continue but royalty should also be increased. The meeting was also attended by Union coal secretary Mr Sumanta Chaudhuri.

Responding to state’s demand, the Union coal secretary Mr Chaudhuri said increase on coal royalty may lead to hike in the prices of power. Coal is being utilized for power production which is benefitting consumers. If royalty on coal will be increased, it will lead to increase in power price. So, we should strike a balance between the two.

While royalty on coal at present is 14 per cent, the state government has been demanding to revise to 20 per cent. Chief minister Mr Naveen Patnaik has also demanded it in March in a letter to the then Union coal minister Piyush Goyal.

Source :

Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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