State losing Rs 200 crores a year on coal revenue

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New Delhi, Dec 19 (UNI) Jharkhand Chief Minister Madhu Koda today said that the state is losing Rs 200 crores a year as revenue on coal because rates of royalty have not been completely fixed on ad-valorem basis.

''We request that the royalty regime be shifted to ad-valorem basis,'' Mr Koda said at the NDC meeting here. The affected increase in the rate of royalty of coal is not sufficient, he added.

Also the policy of coal linkage needs to be reviewed so that economic interests of a poor state like Jharkhand are protected.

Coal India and its subsidiaries mine over 100 million tons of coal each year and he urged upon the centre to give preference for coal linkages from the mines in the state to industries being set up in Jharkhand.

Mr Koda said since a number of PSUs are working in the state like HEC, BCCL and Sindri Fertilisers, these PSUs are the backbone of the states but these undertakings are not functioning efficiently.

''I would request the government to take effective measures to improve the health of these organisations,'' Mr Koda said.

In view of the available resources of uranium in Jharkhand, Mr Koda asked the centre to set up a Nuclear Power Plant in the state.


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