Coal land policy to be revised to market rates | business | Hindustan Times
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Coal land policy to be revised to market rates

The relief and rehabilitation (R&R) policy of Coal India Ltd will be revised to bring it in tune with the existing market rates, the coal ministry said on Wednesday.

business Updated: May 11, 2011 22:51 IST
Vivek Sinha

The relief and rehabilitation (R&R) policy of Coal India Ltd will be revised to bring it in tune with the existing market rates, the coal ministry said on Wednesday.

A five-member committee is expected to decide the revised guidelines, which would spell out the compensation offered for land acquired for coal mining projects, and submit its report by August-end this year.

“The land rates have increased manifold over a period of time, and the compensation offered by Coal India needs to reflect this trend,” said Sriprakash Jaiswal, minister of coal. The notification for the revised R&R policy is expected to come after three months, he said.

“People are now more emotionally attached to land and we do not want injustice to happen with anybody,” Jaiswal added.