Govt Sanctions Rs 3,653 Crores For Allocation Of Coal Blocks

Posted By: Religare
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    The Coal bearing State Governments have received an amount of Rs. 3653 crores till June 2017 from the allocation of Coal blocks/Mines under the provisions of Coal mines (Special Provisions) Act, 2015, says Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines.

    Govt Sanctions Rs 3,653 Crores For Allocation Of Coal Blocks
    In a written reply to a question in the Lok Sabha, Goyal on Thursday said the Government has allotted Rs 3,653 cr under the provisions of Coal mines (Special Provisions) Act, 2015.

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

    The Minister further stated that utilization of the revenue generated from the allocation of coal mines / blocks under the provisions of the Coal Mines (Special Provisions) Act, 2015 is the prerogative of the coal bearing State Government, the Minister added.

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