https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Coal India’s Contribution to Government Exchequer Increases by 2.06% in April-July Period

The total amount contributed rose to ₹20,071.96 crore, up from ₹19,666.04 crore in the same period last year, according to provisional figures released by the coal ministry.
Indian Masterminds Stories

State-owned Coal India Limited (CIL) has reported a 2.06% increase in its contribution to the government exchequer for the April-July period of the current fiscal year. The total amount contributed rose to ₹20,071.96 crore, up from ₹19,666.04 crore in the same period last year, according to provisional figures released by the coal ministry.

In July alone, CIL’s levies to the government reached ₹4,992.48 crore, marking an increase from ₹4,789.42 crore paid in July of the previous year. These payments include various royalties, GST, cess on coal, and other levies, which significantly contribute to the revenue of both central and state governments.

Of the total contributions made in the first four months of FY24, the highest amount of ₹4,417.12 crore was paid to the Jharkhand state government. This was followed by ₹4,319.67 crore to Odisha, ₹3,950.41 crore to Chhattisgarh, ₹3,526.27 crore to Madhya Pradesh, and ₹2,086.35 crore to Maharashtra.

State governments benefit from coal production through several channels: they receive 14% of the royalty on the sale price of coal, and 30% of this royalty is allocated to district mineral foundations (DMFs) to support communities impacted by mining projects. Additionally, they receive 2% of the National Mineral Exploration Trust (NMET) contributions from coal, and revenue shares from transparent bidding processes for commercial and captive mines.

Beyond these financial benefits, state governments also gain from increased employment opportunities, land compensation, and enhanced investment in infrastructure such as railways and roads.

Coal India aims to produce 838 million tonnes (MT) of coal in the ongoing financial year, continuing its role as a critical contributor to India’s energy sector and government revenue.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Operation Sindoor India Responds Again
How India Crushed Pakistan’s HQ-9 Air Defenses: Inside the BrahMos Blitz and Operation Sindoor’s Game-Changing Strikes
SCOPE_launches_Advanced_Global_Leadership_Program1
AGLP 2.0 Kicks Off: SCOPE and IIM Calcutta Launch Leadership Program for Senior PSU Executives
delhi-government-resized
Power Corridors Buzz: Will IAS Dharmendra Stay On as Delhi Chief Secretary? Decision Likely This Week
RCIL RAILTel
RailTel Secures Rs 18.06 Crore Work Order from Dredging Corporation of India Ltd
RVNL
RVNL Awarded Key Southern Railway Project Worth Rs 145.34 Crore to Boost Freight Capacity
telangana-police-resized
Who Will Be Telangana’s Next DGP? CV Anand, Shivadhar Reddy Lead the Race - Complete Contenders List
Danish Ashraf
Who Is Danish Ashraf, IAS Officer Taking Over as Joint Development Commissioner at MSME Ministry?
Debashree-Mukherjee-IAS
Meet IAS Debashree Mukherjee, Appointed as NCVET Chairperson - Here's Her Profile
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
IFS Uttam Kumar Sharma Interview
From Extinction to Exhilaration: The Untold Story and Future Vision of Project Cheetah | Led by IFS Uttam Kumar Sharma | Eco Warrior Awards 2025
ADVERTISEMENT
UPSC Stories
Devanshu Shivhare MPPSC
How This Commercial Tax Inspector Topped MPPSC 2024: Devanshu Shivhare’s 5-Year Journey to Rank 1 | Exclusive Interview
Devanshu Shivhare secured AIR 1 in MPPSC 2024 in his fourth attempt while working full-time. His disciplined,...
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Operation Sindoor India Responds Again
How India Crushed Pakistan’s HQ-9 Air Defenses: Inside the BrahMos Blitz and Operation Sindoor’s Game-Changing Strikes
SCOPE_launches_Advanced_Global_Leadership_Program1
AGLP 2.0 Kicks Off: SCOPE and IIM Calcutta Launch Leadership Program for Senior PSU Executives
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
Dr. S.K
IFS Uttam Kumar Sharma Interview
ADVERTISEMENT
ADVERTISEMENT