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Replace profit-sharing by coal companies with royalty payment: house committee [1]

A Parliamentary panel has recommended removal of the provision of 26 per cent profit sharing by coal and lignite miners with project-affected people and replacing it with a system based on royalty payments by the firms concerned.

The amendment was proposed by the Coal Ministry to the Standing Committee, headed by Trinamool Congress MP Kalyan Banerjee.

Publication Date: 
08/05/2013
Hindu (New Delhi) [2]
Tags:
Coal [3], Mining [4], Coal Industry [5], Ministry of Coal [6], Comptroller and Auditor General of India (CAG) [7], Mineral-Based Indsutry [8], Minerals [9]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/news/replace-profit-sharing-coal-companies-royalty-payment-house-committee

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/replace-profit-sharing-coal-companies-royalty-payment-house-committee
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/hindu-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal-industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-coal
[7] http://admin.indiaenvironmentportal.org.in/thesaurus/comptroller-and-auditor-general-india-cag
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-indsutry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals