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The Times of India
The Times of India
Business
Sanjay Dutta | TNN

Late payment penalty for coal blocks halved to 12%, 68 norms decriminalised

Coal New Delhi

NEW DELHI: The coal ministry has halved penal interest on delayed payments of rent, royalty fee or other charges payable by mine holders to 12% as well as decriminalised 68 68 provisions of Mineral Concession Rules of 1960 (MCR).

An express provision has also been introduced for adjustment of additional or shortfall in royalty by amending the rules, the ministry said on Thursday.

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