October 26, 2016 7:45 AM

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Centre rules out Odisha's demand for coal royalty revision

Centre has ruled out the Odisha government's demand for revision of royalty on coal which is 14 per cent at present. Coal Secretary Anil Swarup, who met Chief Minister Naveen Patnaik in Bhubaneswar yesterday, said at present the Centre is not considering any such proposal for revision of royalty on coal. <br/><br/>He said, such a move will lead to increase in the price of coal raising the price of power, and will ultimately hamper the common man.<br/><br/>He also said, fixing coal royalty is a national decision which applies to all states and not merely to a particular state.<br/><br/>Mr Patnaik, during his recent meeting with Union Finance Minister Arun Jaitley, had demanded that the Centre consider revision of coal royalty.

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