Chhattisgarh sees record rise in mineral revenue

June 6th, 2011 - 3:42 pm ICT by IANS  

Raipur, June 6 (IANS) Chhattisgarh, with nearly 20 percent iron ore and coal reserves of the country, has recorded a jump of over Rs.800 crore in revenue from minerals in fiscal 2010-11 compared to fiscal 2009-10, officials here said Monday.

“The revenues earned through royalties on various minerals have shot up to Rs.2,461 crore in 2010-11, compared to Rs.1,655 crore received in fiscal year 2009-10,” a senior official of the mining department told IANS.

The total rise in revenue from minerals in fiscal 2010-11 is over Rs.800 crore, which the government had not expected, he said, adding the bulk of revenues came from coal and iron ore sectors.

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