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News Brief | August 2015

Jharkhand to get Rs.1,000 crore every year for mining-hit people

Jharkhand will get more than Rs 1,000 crore every year as district mineral foundation (DMF) fund for the development of mining-affected people, according to an estimate by the Delhi-based Centre for Science and Environment (CSE).

The Mine and Minerals Development and Regulation (Amendment) Act, 2015 ยด passed by the Centre in March provided for DMF and stipulated that it would get one-third of the total royalty given to the state against mines and mineral exploration. Jharkhand is likely to constitute DMF by October-end.

The CSE has estimated that around Rs 105 crore would go to DMF in Jharkhand only from iron ore and Rs 820 crore from coal royalty annually. According to a report of the state mining department, Jharkhand earns Rs 3,500 as royalty from minerals annually.

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