Bhubaneswar: Maintaining that Odisha has gained substantially after mining reforms launched by the BJP-led government, Union Coal and Mines Minister Pralhad Joshi on Thursday said the state’s revenue from the crucial sector has increased ten times and touched Rs 50,000 crore.
Odisha’s revenue from mining which stood at Rs 5,000 crore in 2014-15 and has now gone up to Rs 50,000 crore after auction regime was introduced under the leadership of Prime Minister Narendra Modi, the Minister said.
Speaking at the foundation laying function for Bhubaneswar railway station redevelopment project, Joshi said the state has benefitted substantially following amendments in auction rules.
Noting that the states like Odisha are earning huge revenue with the introduction of auction process, he said earler first come first serve policy was followed and the states were unable to get adequate revenue from mining operations.
Stating that a transparent and corruption-free process was launched with amendment in mining rules, Joshi said states like Odisha became major gainers after the discretionary system was done away with.
With the inception of District Mineral Foundation (DMF) funds, Odisha is now getting Rs 15,000 crore per year, he said. The money can be utilised for the development of mines areas and the welfare of poor and tribal people.
Mining is likely to contribute to the GDP and provide considerable employment opportunities. Each new mine gives 12,000 direct or indirect jobs.
Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…
Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…
Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…
Puri: Shree Jagannath Temple Administration (SJTA) has received the report of the Ratna Bhandar’s GPR-GPS…
With his debut novel ‘The Other Side of the Rainbow’ published recently, Niranjan Nayak, an…
Bhubaneswar: Odisha outplayed Chhattisgarh 4-1 on Saturday to seal a berth in the final round…
Mumbai: The Telangana government’s notice barring him from singing songs promoting alcohol and drugs at…
Bhubaneswar: Prime Minister Narendra Modi will participate in the ‘Odisha Parba 2024’ programme on Sunday…