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
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
SVPNPA
190 IPS Trainees, Including 65 Women and 16 Foreign Officers, to Graduate at National Police Academy Parade
Atul Sreedharan
Who Is Justice Atul Sreedharan? SC Collegium Reverses Transfer on Centre’s Request in Rare Move
IAS Officers Indian Administrative Services (IAS)
Bihar Elections 2025: Central Government Deploys 31 UP IAS Officers as Observers for Free and Fair Polls
54th Zonal Mine Rescue
54th Zonal Mine Rescue Competition Concludes at MOIL Mansar Mine; Women’s Team Clinches Top Honours
Rear_Admiral_Manoj_Jha_
Indian Navy: Rear Admiral Manoj Jha Assumes Key Operational Role at Eastern Naval Command
justice-photo
Central Government Transfers Two Judges from Allahabad High Court to Patna and Andhra Pradesh High Courts
SECL_with_NSDC_will_provide_1,260_Youth_
SECL Signs MoU with NSDC to Set Up Multi-Skill Development Institute in Korba, Chhattisgarh
GRSE_laid_keel_Laying_
GRSE Lays Keel for Advanced Acoustic Research Ship for DRDO’s NPOL to Boost Maritime Research Capabilities
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
ADVERTISEMENT
UPSC Stories
Ruchi Jat MPPSC
She Worked in Fields, Danced Ghoomar - Now She’ll Govern Districts: Ruchi Jat Cracks MPPSC 2024 with Rank 6, Becomes Deputy Collector
From a farmer's daughter in Pipalkhunta to securing 6th rank in MPPSC 2024, Ruchi Jat's inspiring journey...
VikramDeo Saryam MPPSC
He Couldn't Pay Engineering Fees, Now He’s a Deputy Collector: Meet Vikram Deo, Farmer’s Son Who Cracked MPPSC with Sheer Willpower
Vikram, a farmer’s son from Ramgovindpur, overcame financial hardships and years of setbacks to secure...
Shivani Sirmache MPPSC
Do It From Home If You Can,’ Said Her Family - She Did It with Self-Study and Sheer Will: Meet Shivani Sirmache, MPPSC 2024 Topper
Shivani Sirmache, a village girl from Sirali, cracked MPPSC 2024 with Rank 11 through complete self-study,...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
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...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
SVPNPA
190 IPS Trainees, Including 65 Women and 16 Foreign Officers, to Graduate at National Police Academy Parade
Atul Sreedharan
Who Is Justice Atul Sreedharan? SC Collegium Reverses Transfer on Centre’s Request in Rare Move
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
IDES Saquib Alam
Dr G K Goswami IPS
ADVERTISEMENT
ADVERTISEMENT