Home » Business » Coal Royalty to Different States During the last Ten Years

Coal Royalty to Different States During the last Ten Years

The details of royalty given on coal to various States during last 10 years, year and State-wise is as under:

  Amount in crores
Name of the State 2011-12 2012-13 2013- 14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Chhattisgarh 1236.19 1766.3 1887.36 1804.93 1856.86 1959.74 2319.56 2632.19 2350.21 2292.88
Jharkhand 1681.32 2129.66 2169.18 2213.03 2659.04 2819.89 3715.5 3778.78 3211.03 2879.95
Odisha 1045.92 1242.87 1349.68 1416.56 1698.15 1666.2 1754.53 2024.15 2139.45 1519.31
Madhya Pradesh 1018.98 1498.41 1522.8 1825.87 1793.45 1827.48 2012.09 2237.85 2069.38 3199.42
Maharashtra 556.03 734.64 792.96 898.249 895.73 759.01 998.48 1183.33 1198.8 1153.85
Andhra Pradesh 769.06 1183.58 1146.56 0 0 0 0 0 0 0
Telangana 0 0 0 1341.06 1560.94 1440.55 1797.23 2400 1537.36 1429.74
West Bengal 11.53 15.74 17.213 16.4 13.93 20.19 16.93 18.76 18.96 12.64
Assam 27.19 43.49 41.15 49.48 21.55 35.45 45.07 44.82 31.34 5.89
UP 181.94 236.98 266.13 250.61 236.96 309.45 352.09 426.23 406.39 638.23
Arunachal Pradesh 5.7 0.99 0 0 0 0 0 0 0 0
Meghalaya 237.88 328.65 416.33 157.22 0.09 389.18 114.55 0 0 0
Total 6771.74 9181.31 9609.36 9973.41 10736.7 11227.14 13126.03 14746.11 12962.92 13131.91

 

some of coal producing States had demanded increase in the rates of Royalty. In this regard, a Study Group was constituted on 21.07.2014 for the purpose of examining the issue of revision of royalty rates on coal and lignite. The study group inferred from the comments of the stakeholders that the coal producing States had suggested to increase the rates of royalty from existing 14% to roughly 20%, whereas the coal consuming stakeholders suggested to reduce the present rate of royalty from 14% to roughly 5-6%.

The Study Group after considering all factors had submitted its report suggesting no change in the rates of royalty as after levy of DMF @ 30% on royalty and NMET @ 2% of Royalty, effective rate works out as 18.48% i.e. {(14%+ 4.2 (30% of 14%) + .28 (2% of 14%)}.

Accordingly, the Study Group has recommended as under:

(i). No change is proposed in rates of royalty on coal from the rates notified vide notification no. G.S.R. 349 (E) dated 10.05.2012. The rate of royalty on coal produced in all States and Union Territories, except the State of West Bengal, may be kept unchanged i.e. @ 14% (Fourteen Percent) ad-valorem on price of coal, as reflected in the invoice, excluding taxes, levies and other charges.

(ii). No change is proposed in rates of royalty on coal produced in the State of West Bengal and royalty thereon may be kept unchanged as rupee per tonne, as notified under G.S.R 349 (E) dated 10.05.2012.

The recommendation of the Study group has been accepted by the Government and at present Government has no plan to increase the rate of royalty.

This information was given by the Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi in a written reply in  Lok Sabha

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Reducing Coal Imports, Boosting Exports

The Ministry of Coal spearheading a transformative initiative to reduce coal imports and promote coal ...

Production of coal

Most of the demand of coal in the country is met through indigenous production/supply. The ...

DPIIT promotes green logistics industry balancing economic growth and environment

The Government recognizes the importance of sustainable logistics for India’s economic growth and environmental well-being. ...

Government provides incentives to small tea growers

The Tea Development & Promotion Scheme for the period 2023-24 to 2025-26 inter alia includes ...

EXPORT OF SEA FOOD

The current status of the export of seafood from the country is given below:-   ...

INDIA’S REAL GDP PROJECTED TO GROW BETWEEN 6.5–7 PER CENT IN 2024-25

India’s real GDP is projected to grow between 6.5–7 per cent in 2024-25. The Indian ...

INDIAN ECONOMY NEEDS TO GENERATE NEARLY 78.5 LAKH JOBS ANNUALLY IN THE NON-FARM SECTOR UNTIL 2030 TO CATER TO THE RISING WORKFORCE

With the global labour market amidst a ‘disruption,’ and constantly being reshaped by the fourth ...

Air Pollution caused by Stubble Burning

The Ministry of Environment, Forests and Climate Change has identified Crop Residue Management as one ...

Combined Index of Eight Core Industries (ICI) increases by 5.2 per cent (provisional) in March, 2024 as compared to March, 2023

The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 ...

Despite persistent global challenges, overall exports (merchandise + services) estimated to surpass last year’s highest record. It is estimated to reach USD 776.68 Billion in FY 2023-24 as compared to USD 776.40 Billion in FY 2022-23.

India’s overall exports (Merchandise and Services combined) in March 2024* is estimated to be USD ...

WP2Social Auto Publish Powered By : XYZScripts.com