Govt waives upfront fee, offers rebates to boost underground coal mining

Quick Summary:

"In a decisive step towards revitalising India's coal sector, the Ministry of Coal has introduced a series of transformative policy measures aimed at promoting underground coal mining," an official statement said.

In a bid to speed up the operationalisation of underground coal blocks, the government on Thursday announced new incentives like waiving off of the upfront payment.

"The floor percentage of revenue share for underground coal mines has been reduced from four per cent to two per cent.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Coal policy incentives Underground coal mining India coal sector Private sector participation Revenue share cut Sustainable coal production Coal ministry reforms Upfront payment waiver

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 13:03:31 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28185741

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