CM urges Centre to hike rates of mineral royalty & dead rent

Bhubaneswar: Odisha chief minister Naveen Patnaik on Saturday wrote to Union Mines minister Dinsha J Patel demanding immediate action to increase the rates of royalty and dead rent for major minerals.

Sources said the state has been losing an estimated Rs 6 crore every day towards royalty and dead rent due to the delay in decision making by the Central government on the revision of rates.

"I would, therefore, urge upon the Central government to kindly appreciate our concern and enhance the rates of royalty and dead rent without any further delay," wrote Patnaik in the letter to Patel.

The rates of royalty and dead rent were last revised by the Government of India with effect from August 13, 2009 and the enhancement in the rates of royalty and dead rent was due from August 13, 2012, the letter said.

Mentioning that the Center appointed Study Group on revision of rates of royalty and dead rent of major minerals (other than coal, lignite and sand for stowing) had submitted a report during June, Patnaik said that Odisha government had given suggestions to the group time to time.

The state government had suggested on the rates of royalty, rates of dead rent, price fixing mechanism, imposition of mineral resources rent tax and e-auction of minerals.