CM Soren Appeals to PM Modi
ECONOMY & POLICY

CM Soren Appeals to PM Modi

Jharkhand Chief Minister Hemant Soren has written an open letter to Prime Minister Narendra Modi, highlighting the issue of unpaid coal dues amounting to ?1.36 trillion. The letter addresses the significant financial burden on the state caused by these outstanding payments, which Soren claims have accumulated due to royalties and levies on coal extracted from Jharkhand. The unpaid amount is reportedly hindering the state’s ability to meet its fiscal responsibilities, causing a major strain on its finances.

Soren emphasized the critical role Jharkhand plays in India's energy sector, being a key supplier of coal, and stated that the central government’s delay in addressing these dues is affecting the state’s economic stability. According to him, this non-payment is a result of unresolved issues related to royalties and levies that have persisted over time. The Chief Minister is urging the central government to expedite the settlement of the outstanding amount to prevent further fiscal distress for Jharkhand.

The letter also mentions the vital importance of the coal sector to Jharkhand's economy, pointing out that the state’s mineral resources are a significant contributor to India's energy needs. Despite this, the state has not been receiving its rightful share of revenues, causing a negative impact on development projects and public services. Soren has called for a constructive dialogue between the state and central government to resolve the matter promptly.

Jharkhand Chief Minister Hemant Soren has written an open letter to Prime Minister Narendra Modi, highlighting the issue of unpaid coal dues amounting to ?1.36 trillion. The letter addresses the significant financial burden on the state caused by these outstanding payments, which Soren claims have accumulated due to royalties and levies on coal extracted from Jharkhand. The unpaid amount is reportedly hindering the state’s ability to meet its fiscal responsibilities, causing a major strain on its finances. Soren emphasized the critical role Jharkhand plays in India's energy sector, being a key supplier of coal, and stated that the central government’s delay in addressing these dues is affecting the state’s economic stability. According to him, this non-payment is a result of unresolved issues related to royalties and levies that have persisted over time. The Chief Minister is urging the central government to expedite the settlement of the outstanding amount to prevent further fiscal distress for Jharkhand. The letter also mentions the vital importance of the coal sector to Jharkhand's economy, pointing out that the state’s mineral resources are a significant contributor to India's energy needs. Despite this, the state has not been receiving its rightful share of revenues, causing a negative impact on development projects and public services. Soren has called for a constructive dialogue between the state and central government to resolve the matter promptly.

Next Story
Infrastructure Transport

Bengaluru-Chennai Expressway: 71-Km Stretch Opens for Toll-Free Travel

A 71-kilometer section of the Bengaluru-Chennai Expressway in Karnataka has been opened to the public, offering toll-free travel and significantly reducing travel time for commuters. Part of the larger 260-kilometer expressway connecting Bengaluru in Karnataka to Chennai in Tamil Nadu, this stretch has become a popular choice for recreational long drives. Once fully operational by August 2025, the expressway will cut travel time between Bengaluru and Chennai from six hours to just three, with a designed speed limit of 120 km/h. The project spans Karnataka, Andhra Pradesh, and Tamil Nadu, promi..

Next Story
Infrastructure Transport

DME Development Ltd Raises Rs 7.75 Billion via Green Bonds

DME Development Ltd (DMEDL), a wholly owned subsidiary of the National Highways Authority of India (NHAI), has raised Rs 7.75 billion through the first-ever issuance of Green Bonds in the roads and highways sector. The bonds aim to promote infrastructure development while ensuring environmental sustainability. NHAI Chairman Santosh Kumar Yadav expressed satisfaction with the response, stating, "This unique initiative sets a benchmark in the sector and encourages participation from diverse investors." Similarly, NHAI Member (Finance) and DMEDL Chairman NRVVMK Rajendra Kumar highlighted the str..

Next Story
Infrastructure Transport

Indore Assigns Rs 4.5 Billion for Road Development, Green Initiatives

The Indore Municipal Corporation (IMC) has approved Rs 4.5 billion for 23 road development projects aimed at improving urban infrastructure and promoting sustainable practices. The decision was taken during the mayor-in-council (MiC) meeting chaired by Mayor Pushyamitra Bhargava, alongside IMC Commissioner Shivam Verma and senior officials. The approved projects include the construction and widening of 23 major roads across the city, connecting key areas such as Bhagirathpura, Kila Maidan, and the airport. Additionally, 14 new roads aligned with Indore’s master plan were sanctioned, with de..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000