Bhubaneswar, 21 July
Claiming the state is incurring a loss of about Rs 6 crore per day due to non-revision in the rates of royalty and dead rent of major minerals, the Odisha government has exhorted the Centre to increase the rates with retrospective effect.
Chief Minister Naveen Patnaik wrote to Union minister of state for mines (independent charge) Mr Dinsha J Patel seeking his intervention in the matter.
“Appreciate our concern and enhance the rates of royalty and dead rent without any further delay,” the CM&’s missive read.  Mr Patnaik suggested that the rates of royalty and dead rent of major minerals other than coal, lignite and sand for stowing should be revised with effect from 13 August 2012, the due date for such revision, given that the last revision had taken place on 13 August 2009.  Observing that the study group on revision of rates of royalty and dead rent of major minerals has submitted its report during the last week of June, the CM claimed that the state government has given suggestions to the group from time to time. The suggestions put forth by the state government are related to the rates of royalty, rates of dead rent, price-fixing mechanism, imposition of mineral resource rent tax and e-auction of minerals.      sns