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Iron And Steel | April 30, 2013
#34028

Govt sets up panel for revision of royalty

Some of the mineral rich states like Chhattisgarh, Jharkhand, Karnataka, Odisha, Rajasthan requested to enhance the rates of royalty for major minerals.

   

The government has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal, lignite and sand for stowing) on September 13, 2011. The Study Group has to undertake detailed consultations with all stakeholders. The Study Group is likely to submit its final report shortly.

   

This information was given by the Minister of Mines, Dinsha Patel in Rajya Sabha.

   

The minister also informed that the rates of royalty in respect of major minerals (excluding coal, lignite and sand for stowing) were last revised on August 13, 2009.

   

The rates of royalty in respect of coal including lignite were revised on May 10, 2012 by the coal ministry. The rates of royalty in respect of sand for stowing were revised on April 11, 1997 by the ministry.

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