Naveen rakes up SCS demand for Odisha at NDC meet
According to an official release, to strengthen his demand Patnaik stressed on the high concentration of ST & SC population in the state which has adverse socio-economic and human development indicators with per capita about two-third of the national average.
The Chief Minister pointing out delay in the implementation of mineral royalty policies, said that mineral rich states have not been able to reap full benefits of their endowments because of distortions in mineral royalty policies.
“Due to prolonged efforts by mineral bearing states, the royalty rates have been shifted to an ad valorem regime, but the impact of this change has been dented by an artificially low price of minerals as determined by the IBM,” the release said.
Patnaik at the meeting suggested that in addition to the upward revision of royalty rates in tandem with market prices of minerals, there should be a Mineral Resources Rent Tax to be charged at 50% of the surplus rent.