Don’t miss the latest developments in business and finance.

Coal bearing states get Rs 3,653 crore from mines allocation: Piyush Goyal

The utilisation of the revenue generated from the allocation of coal mines

Coal bearing states get Rs 3,653 crore from mines allocation: Piyush Goyal
Press Trust of India New Delhi
Last Updated : Jul 20 2017 | 9:23 PM IST
Coal bearing states have received Rs 3,653 crore till June 2017 from mine allocation, Coal Minister Piyush Goyal said today.

"The coal bearing state governments have received an amount of Rs 3,653 crore till June 2017 from the allocation of coal blocks/mines under the provisions of Coal Mines (Special Provisions) Act, 2015," Goyal said in a written reply to the Lok Sabha.

"Under the aforesaid Act, provisions of the entire revenue from allocation (auction and allotment) of coal blocks/mines ... Accrues to the coal bearing State Government concerned," the minister said.

The utilisation of the revenue generated from the allocation of coal mines under the provisions of the Coal Mines (Special Provisions) Act, 2015 is the prerogative of the coal bearing state government, the minister added.

Also Read

First Published: Jul 20 2017 | 9:05 PM IST

Next Story