The contribution of mining firms,
excluding those producing coal and lignite, towards royalty rose by a little
over 9 per cent to Rs 4,487.73 crore in 2010-11 over the previous fiscal.
Chhattisgarh got the highest
amount of royalty in 2010-11 at Rs 1,201.74 crore followed by Goa at Rs 974.19
crore. Karnataka received Rs 647.35 crore and Andhra Pradesh Rs 566.23 crore.
Under the Mines and Minerals
(Development and Regulation) Act, 1957, a mining lease holder is required to
pay royalty for any mineral removed or consumed from the leased area to the
state governments.
The rate of royalty can be
enhanced only once in three years and the last revision was made in August,
2009.
“The Ministry has set up a
Study Group on revision of rates of royalty and dead rent for major minerals
(other than coal, lignite and sand for stowing) in August, 2011.
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