{"id":352441,"date":"2020-05-21T12:10:08","date_gmt":"2020-05-21T06:40:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352441"},"modified":"2020-05-21T12:10:08","modified_gmt":"2020-05-21T06:40:08","slug":"centre-goes-for-revenue-share-model-for-coal-auction","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-goes-for-revenue-share-model-for-coal-auction\/","title":{"rendered":"Centre goes for revenue-share model for coal auction"},"content":{"rendered":"<p>Indicating its readiness to forego a large part of its revenue from coal mining if it results in a jump in the country\u2019s coal production, the government on Wednesday approved a new market-determined revenue share model for auctioning off coal assets, ending the fixed fee\/tonne regime that turned off private investors, even as the sector has gradually been opened up to them in recent years.<\/p>\n<p>However, a coal miner in India still has to pay assorted taxes to the Central, state and local governments \u2013 including royalties, a hefty Rs 400\/tonne GST compensation cess and contribution to district mineral funds \u2013 which work out to more than 50% of the base price of the fuel, much higher than in other coal-rich countries like Australia (7%), South Africa (11%) and the US (4%), analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indicating its readiness to forego a large part of its revenue from coal mining if it results in a jump in the country\u2019s coal production, the government on Wednesday approved a new market-determined revenue share model for auctioning off coal assets, ending the fixed fee\/tonne regime that turned off private investors, even as the sector has gradually been opened up to them in recent years. However, a coal miner in India still has to pay assorted taxes to the Central, state and local governments \u2013 including royalties, a hefty Rs 400\/tonne GST compensation cess and contribution to district mineral funds [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-352441","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352441"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352441\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}