The Union coal ministry has demanded changes in a controversial provision in the new mining legislation which asks companies to share, with local residents affected or displaced by a project, an amount equal to the royalty paid if higher than 26 per cent of their profits.
The ministry is worried about this having an adverse impact on the profitability of coal companies, particularly government-
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/coal-ministry-against-royalty-linked-compensation
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-coal
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/compensation
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/legislation
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining-regulations
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/planning-commission
