{"id":352869,"date":"2020-05-23T11:11:39","date_gmt":"2020-05-23T05:41:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352869"},"modified":"2020-05-23T11:31:22","modified_gmt":"2020-05-23T06:01:22","slug":"centre-states-to-incur-rs-12k-cr-revenue-loss-in-fy21-on-lower-coal-mineral-consumption-report-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-states-to-incur-rs-12k-cr-revenue-loss-in-fy21-on-lower-coal-mineral-consumption-report-2\/","title":{"rendered":"Centre, states to incur Rs 12k cr revenue loss in FY21 on lower coal, mineral consumption: Report"},"content":{"rendered":"<p>The Centre and key mineral producing states are likely to incur a revenue loss of up to Rs 12,000 crore in FY21 due to lower coal and mineral consumption during the coronavirus lockdown, a report said on Friday. <\/p>\n<p>&#8220;As per our estimates, the top five mineral producing states are likely to see an impact of around Rs 3,000-3,500 crore in all, due to decline in offtake of minerals (other than coal). <\/p>\n<p>&#8220;Correspondingly, just from these 5 states (Odisha, Rajasthan, Chhattisgarh, Andhra Pradesh and Karnataka) the Central government is also expected to lose Rs 1,000-1,500 crore &#8211; as its share of taxes such as NMET, CGST and Corporate tax &#8211; due to fall in mineral sales (excluding coal) in these 5 states,&#8221; KPMG in India said in its thought paper titled &#8216;Impact of COVID-19 on the mining sector in India&#8217;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre and key mineral producing states are likely to incur a revenue loss of up to Rs 12,000 crore in FY21 due to lower coal and mineral consumption during the coronavirus lockdown, a report said on Friday. &#8220;As per our estimates, the top five mineral producing states are likely to see an impact of around Rs 3,000-3,500 crore in all, due to decline in offtake of minerals (other than coal). &#8220;Correspondingly, just from these 5 states (Odisha, Rajasthan, Chhattisgarh, Andhra Pradesh and Karnataka) the Central government is also expected to lose Rs 1,000-1,500 crore &#8211; as its share of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[175,146,130],"tags":[],"class_list":["post-352869","post","type-post","status-publish","format-standard","hentry","category-coal-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352869","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352869"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352869\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}