+
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
Infrastructure Transport

Rs 19.5 Billion Meerut–Nazibabad Rail Electrification Complete

The Rs 19.5 billion railway electrification of the Meerut–Nazibabad section has been completed, marking a major step towards improving connectivity in northern India. The project covers 132 kilometres of track and is expected to enhance operational efficiency while reducing travel time and fuel costs.Officials from the Ministry of Railways said the electrification will enable faster, more reliable train services and contribute to reduced carbon emissions. The initiative aligns with the government’s broader goal of achieving 100 per cent electrification of India’s railway network by 2030...

Next Story
Infrastructure Urban

AU Small Finance Bank Secures RBI Approval For Universal Bank

AU Small Finance Bank has received approval from the Reserve Bank of India (RBI) to transition into a universal bank. The move will allow the Jaipur-based lender to expand its range of financial services and compete directly with larger commercial banks.Founded in 1996 as a non-banking finance company, AU Small Finance Bank became a small finance bank in 2017. The transition to a universal bank will enable it to offer a broader portfolio, including enhanced corporate banking, treasury operations, and new retail products.Managing Director and CEO Sanjay Agarwal said the approval marks a signifi..

Next Story
Building Material

India Cements Q1 Loss Narrows To Rs 276 Million On Higher Sales

India Cements Ltd has reported a consolidated net loss of Rs 276 million for the quarter ended June 2025, narrowing from a loss of Rs 831 million a year earlier. Consolidated revenue from operations rose 20 per cent year-on-year to Rs 17.9 billion from Rs 14.9 billion.The company attributed the improvement to higher sales volumes and better price realisations, which offset some of the impact of elevated fuel and raw material costs. EBITDA turned positive at Rs 1.1 billion, compared with a loss in the same period last year.Vice Chairman and Managing Director N. Srinivasan said the company will ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?