Press Information Bureau
Government of India
Ministry of Coal
07-December-2011 16:21 IST
Coal Miners to Share Profit with Local Authority

The Government has prepared a new draft Mines and Minerals (Development and Regulation) Act, 2010 which inter-alia proposes to make it mandatory for all coal mining lease holders including Public Sector Undertakings (PSUs) to share 26 per cent of their profits after tax with the concerned District Development Authority.

This information was given by the Minister of State in the Ministry of Coal, Shri Pratik Prakashbapu Patil in written reply to a question in Lok Sabha today.