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
REC Limited
REC Ltd Gets CBDT Nod to Issue Rs 5,000 Crore Zero Coupon Bonds with 10.5-Year Tenure After Robust Market Response
IAS Officers Indian Administrative Services IAS logo
IAS Officer Mahima Madan Directed to Join J&K Post Without Delay, MHA Rejects Retention Plea
irs yogendra-kumar-mishra
IRS Yogendra Kumar Mishra Suspended Amid Criminal Investigation, Allegations of Assaulting His Junior – Know What Happened!
ACC_Appointments Committee of Cabinet
IDES Aseem Kumar’s Tenure at MNRE Extended by 2 Years; IRSME Sushil Kumar Singh to Continue Addl Charge of Mumbai Port Authority
Indian Forest Services IFS officer
IFS Officer Priya Ranjan Gets Extension as Managing Director of National Horticulture Board - Know More!
RCIL RAILTel
RailTel Selects Techno Electric as Partner for 10MW Data Centre in Noida on Revenue-Sharing Basis - Details Inside
Squadron-Leader-Manisha-Padhi
Who Is Squadron Leader Manisha Padhi, Who Becomes India’s First Woman Aide-de-Camp?
Sundarban Forest
West Bengal to Replace 56 km of Nylon Nets in Sunderbans to Prevent Tiger Intrusion into Villages - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
Monika Singh’s Life Beyond the Bureaucracy | Video Interview 
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
ADVERTISEMENT
UPSC Stories
Divyanshu Pal Nagar IFS
5 Years, 5 Mains, 4 Interviews: How Divyanshu Pal Nagar Stumbled in CSE, Triumphed in IFS - A Lesson for Every Aspirant
Divyanshu Pal Nagar’s inspiring five-year UPSC journey shows how perseverance, disciplined self-study,...
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
Social Media
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
Topper Couple Alert: Shubham Kumar, Priyangi Mehta’s Wedding Grabs Spotlight in Bihar
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
REC Limited
REC Ltd Gets CBDT Nod to Issue Rs 5,000 Crore Zero Coupon Bonds with 10.5-Year Tenure After Robust Market Response
IAS Officers Indian Administrative Services IAS logo
IAS Officer Mahima Madan Directed to Join J&K Post Without Delay, MHA Rejects Retention Plea
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
IAS Tushar G Nikhare
IMG-20250523-WA0036
ADVERTISEMENT
ADVERTISEMENT