https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Ministry of Coal Amendst Existing Rule Allowing Coal PSUs To Lease Land To Commercial Miners

The change in policy guidelines is expected to lead the way for faster operationalisation of coal blocks auctioned for commercial coal mining
Indian Masterminds Stories

The Ministry of Coal has recently amended the guidelines for coal PSUs to allow them to lease parcels of land and grant mining rights to commercial coal miners in case the area of the coal block secured by the latter under the commercial coal mining regime overlaps with land whose ownership rests with these Central Public Sector Enterprises (CPSEs).

An official statement from the Coal Ministry read, “Ministry of Coal has found that several coal mines/blocks which have been allocated by Ministry of Coal are under allocation overlaps with lands acquired and vested in government companies… Since the ownership over such overlapping lands acquired under the CBA/CMN Act cannot be transferred or vested to private allocatees of coal mines/blocks, it creates an impediment for the private allocatees to undertake mining operations.

The change in policy guidelines is expected to lead the way for faster operationalisation of coal blocks auctioned for commercial coal mining. The new amendment ensures that the ownership of such parcels of land rests with coal PSUs while they also get revenue.

According to the new guidelines, a commercial coal miner who acquires surface rights and mining leases from a coal PSU for such land will pay rent for the surface lease to the PSU at the rate of Rs 1,000 per hectare of land per annum. They will also pay the cost of land acquisition, cost of rehabilitation and resettlement, cost of employment against land, other incidental or ancillary costs/expenses etc borne by the coal PSU at the present market rate.

Speaking on the matter, the incumbent Additional Coal Secretary, Mr. M Nagaraju (1993-batch IAS officer) said, “The amendment in the policy guidelines will help operationalise commercial coal mines quickly. It will remove difficulties faced by successful bidders. And coal PSUs will also get revenue.


Indian Masterminds Stories
Related Stories
NEWS
Suspended-IAS-Abhishek-Prakash-CM-YOGI
Departmental Inquiry Initiated Against Suspended IAS Abhishek Prakash
GAIL PSU
GAIL Launches ‘GAIL Pankh’ to Support Start-Ups
nmdc resized
NMDC Achieves Record 44.04 MnT Production and Highest-Ever Q4 Sales in FY25
Reserve-Bank-of-India_RBI_resized
RBI Reports 98.21% of Rs 2000 Notes Returned, Only Rs 6,366 Crore in Circulation
NHPC_resized_2
NHPC Begins Commercial Operations for 600 MW at Parbati-II Hydroelectric Project
BEL Bharat Electronics Limited
BEL Achieves Record Rs 23,000 Crore Turnover in FY 2024-25
UPPCS PSC New
UP DPC Meeting to Promote 27 PCS Officers to IAS Cadre; Central Govt Allocates Rs 236 Crore for Home Guard Reimbursement
Surendra-Singh-Yadav IPS
IPS Surendra Singh Yadav Appointed Deputy Inspector General in BSF, Relieved from Chandigarh DGP Post
Videos
Padmapani Bora IRS
The Rise of Assam as India’s Most Exciting Tourist Spot | Exclusive with IRS Padmapani Bora
Sajjan Yadav, IAS
The Policy Maker Who Turned India’s Vaccine Story and UPSC Struggles into Bestsellers
WhatsApp Image 2025-03-21 at 14.33
Training The Cops In Mastering The Technology Used By Criminals
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Suspended-IAS-Abhishek-Prakash-CM-YOGI
Departmental Inquiry Initiated Against Suspended IAS Abhishek Prakash
GAIL PSU
GAIL Launches ‘GAIL Pankh’ to Support Start-Ups
Videos
Padmapani Bora IRS
Sajjan Yadav, IAS
WhatsApp Image 2025-03-21 at 14.33
ADVERTISEMENT
ADVERTISEMENT