BJD Urges Revision of Coal Royalty Rates
COAL & MINING

BJD Urges Revision of Coal Royalty Rates

Demand for Revision:

The Biju Janata Dal (BJD) has urged Chief Minister Naveen Patnaik to raise the issue of revising coal royalty rates with Prime Minister Narendra Modi. The party seeks an adjustment to the current royalty rates to better reflect the economic realities and contributions of the coal-rich state of Odisha. Coal Royalty Context:

Coal royalty refers to the payments made by coal mining companies to the state for extracting and utilizing coal resources. The current rates have been deemed inadequate by the BJD, which argues that they do not sufficiently compensate the state for the resources extracted. Economic Impact:

Revising the royalty rates is expected to have a positive economic impact on the state, potentially increasing revenue from coal resources. The increase in revenue could support state development projects and contribute to the overall economic growth of Odisha. State’s Role:

Odisha is one of the largest coal-producing states in India, contributing significantly to the national coal supply. The BJD argues that the state should receive a fair share of the royalty to match its contribution and the impact of coal mining on local communities. Government Interaction:

The BJD's call for raising the issue with the Prime Minister indicates an effort to gain central government support for the revision. The outcome of this appeal could affect the relationship between the state and central governments, particularly in the context of resource management and fiscal policies. Political Implications:

The demand for a royalty revision also has political implications, potentially influencing public perception and the BJD's standing within the state. The issue may become a key topic in state politics, especially in the context of upcoming elections or legislative sessions. Future Actions:

If the demand is taken up, there will be discussions and negotiations between the state and central governments to finalize any adjustments to the royalty rates. Stakeholders, including coal companies and local communities, may also be involved in the discussions to ensure a balanced approach. Conclusion: The BJD has urged Odisha's Chief Minister to seek a revision of coal royalty rates with the Prime Minister, highlighting the need for an adjustment to better reflect the state’s contributions and economic impact. The revision is expected to benefit the state financially and support its development initiatives.

Demand for Revision: The Biju Janata Dal (BJD) has urged Chief Minister Naveen Patnaik to raise the issue of revising coal royalty rates with Prime Minister Narendra Modi. The party seeks an adjustment to the current royalty rates to better reflect the economic realities and contributions of the coal-rich state of Odisha. Coal Royalty Context: Coal royalty refers to the payments made by coal mining companies to the state for extracting and utilizing coal resources. The current rates have been deemed inadequate by the BJD, which argues that they do not sufficiently compensate the state for the resources extracted. Economic Impact: Revising the royalty rates is expected to have a positive economic impact on the state, potentially increasing revenue from coal resources. The increase in revenue could support state development projects and contribute to the overall economic growth of Odisha. State’s Role: Odisha is one of the largest coal-producing states in India, contributing significantly to the national coal supply. The BJD argues that the state should receive a fair share of the royalty to match its contribution and the impact of coal mining on local communities. Government Interaction: The BJD's call for raising the issue with the Prime Minister indicates an effort to gain central government support for the revision. The outcome of this appeal could affect the relationship between the state and central governments, particularly in the context of resource management and fiscal policies. Political Implications: The demand for a royalty revision also has political implications, potentially influencing public perception and the BJD's standing within the state. The issue may become a key topic in state politics, especially in the context of upcoming elections or legislative sessions. Future Actions: If the demand is taken up, there will be discussions and negotiations between the state and central governments to finalize any adjustments to the royalty rates. Stakeholders, including coal companies and local communities, may also be involved in the discussions to ensure a balanced approach. Conclusion: The BJD has urged Odisha's Chief Minister to seek a revision of coal royalty rates with the Prime Minister, highlighting the need for an adjustment to better reflect the state’s contributions and economic impact. The revision is expected to benefit the state financially and support its development initiatives.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?