Reforms in coal, mining sector led to increased revenues : Pralhad Joshi
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Union minister Pralhad Joshi has said state revenues have improved and production of coal and other minerals increased significantly on the back of reforms taken by the government in the coal and mining sectors. He stated in the last 9 years of the Modi government, there have been various reforms in the whole coal and mining sector. Country is moving towards Atmanirbharta. 2014 onwards, the first-come-first-serve system was totally removed and a transparent auction regime was set in place and by that state got a huge revenue both as far coal and mining sectors are concerned.
Citing examples, he said the revenue of Odisha from coal and other minerals increased multi-fold to Rs 50,000 crore in 2021-22, from Rs 5,000 crore in 2015-16. He mentioned the government made amendments to the Mines and Minerals (Regulation and Development) Amendment Act with an objective to simplify rules to increase the participation of players in the mining sector. The government has launched Mission Coking Coal for exploration, enhancing production, enhancing washing capacity, and auctioning of new coking coal mines.
Further, he said in the 7th round of coal auctions, a total of 106 coal mines were put on the block, 61 blocks are partially explored and 45 mines are fully explored. As many as 95 non-coking coal mines, 10 lignite mines and one coking coal mine are being offered in the latest round of auction.
