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Jharkhand wants hike in coal royalty

Ranchi, Oct 9 (IANS) Jharkhand will raise its long pending demand of a hike in coal royalty when its officials meet central government officials Tuesday.

Monday, October 9, 2006 | 2:37:22 PM IST (+05:30 GMT)
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Ranchi, Oct 9 (IANS) Jharkhand will raise its long pending demand of a hike in coal royalty when its officials meet central government officials Tuesday.

The Jharkhand government has been raising the issue for a long time but New Delhi never took the demand seriously. The Madhu Koda government is hoping that the situation would have changed with the United Progressive Alliance (UPA) in power at the centre and in the state.

Shibu Soren is union coal minister as well as the chairperson of the UPA steering committee in the Jharkhand government. And officials are hoping that new equation will bring cheer to the state's economy.

'We will again raise the issue of the hike with the central government. This time we are hopeful that the centre will give it serious thought,' said a senior government official.

Jharkhand gets Rs.195 per tonne as royalty on A grade coal and Rs.50 for inferior grade coal. The state earns around Rs.9.5 billion per annum as royalty from mines, with the major share coming from coal.

Copyright : Indo-Asian News Service
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