Reforms in coal, mining sector led to increased revenues: Pralhad Joshi
State revenues have improved and production of coal and other minerals increased significantly on the back of reforms taken by the government in the coal and mining sectors, Union minister Pralhad Joshi said on Wednesday.
The minister made the remarks at a conference on 'Achievements of Coal and Mines Ministry' in the national capital.
"In the last 9 years of the Modi government, there have been various reforms in the whole coal and mining sector. Country is moving towards Atmanirbharta. 2014 onwards, the first-come-first-serve system was totally removed and a transparent auction regime was set in place and by that state got a huge revenue both as far coal and mining sectors are concerned," the minister for coal and mines said.
Citing examples, the minister said the revenue of Odisha from coal and other minerals increased multi-fold to Rs 50,000 crore in 2021-22, from Rs 5,000 crore in 2015-16.
The government made amendments to the Mines and Minerals (Regulation and Development) ..