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

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Next Story
Infrastructure Transport

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Next Story
Real Estate

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?