+
Jharkhand Seeks ?1.36 Lakh Crore Dues
ECONOMY & POLICY

Jharkhand Seeks ?1.36 Lakh Crore Dues

The Chief Minister of Jharkhand, Hemant Soren, has raised concerns over unpaid dues of ?1.36 lakh crore owed by coal companies to the state. In a letter to Prime Minister Narendra Modi, Soren highlighted that this massive outstanding amount is significantly affecting Jharkhand's development. The bulk of these dues arises from coal mining activities, with the state demanding compensation for land acquisition, royalty payments, and other levies.

Soren emphasized that the non-clearance of these dues is hampering critical infrastructure development and welfare programs. The state government has urged the central government to expedite the settlement of these outstanding amounts to boost economic activities in Jharkhand, which is heavily dependent on its mineral resources, especially coal.

This issue is crucial as coal-rich states like Jharkhand play a key role in India's energy sector, and delayed payments impact the state’s ability to invest in necessary public services

The Chief Minister of Jharkhand, Hemant Soren, has raised concerns over unpaid dues of ?1.36 lakh crore owed by coal companies to the state. In a letter to Prime Minister Narendra Modi, Soren highlighted that this massive outstanding amount is significantly affecting Jharkhand's development. The bulk of these dues arises from coal mining activities, with the state demanding compensation for land acquisition, royalty payments, and other levies. Soren emphasized that the non-clearance of these dues is hampering critical infrastructure development and welfare programs. The state government has urged the central government to expedite the settlement of these outstanding amounts to boost economic activities in Jharkhand, which is heavily dependent on its mineral resources, especially coal. This issue is crucial as coal-rich states like Jharkhand play a key role in India's energy sector, and delayed payments impact the state’s ability to invest in necessary public services

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code