HindustanTimes Thu,27 Nov 2014

Punjab earns record revenue from mining auction

HT Correspondent, Hindustan Times  Chandigarh, January 10, 2013
First Published: 17:52 IST(10/1/2013) | Last Updated: 20:48 IST(10/1/2013)

The Punjab government earned record revenue of Rs. 101 crore against the reserve price of Rs. 4 crore from the auction of mines of only four districts - Jalandhar, Ajitgarh, Kapurthala and Ludhiana at Udyog Bhawan here on Thursday.


Stating this here, state industry minister Anil Joshi said that it was the result of the steps taken by the Punjab government to maintain total transparency in auction and the strict action taken against illegal mining.

He further said that on Thursday the mines of only four districts of Jalandhar, Ajitgarh, Kapurthala and Ludhiana were auctioned and there had been bids of Rs. 101 crore against the reserve price of Rs. 4 crore in first phase.
He said that the mines of Ajitgarh district had generated maximum revenue of Rs. 34.25 crore, followed by Kapurthla district of Rs. 26.52 crore. Besides that the mines of Jalandhar district has been auctioned for Rs. 22.12 crore, whereas mines of Ludhiana district has earned Rs. 18.20 crore for state treasury.

The minister has directed the officials of the department to work hard in an honest and transparent manner so that the development and construction work does not get adversely affected.

He said that the Punjab government was fully committed to provide the sand to common man on nominal rates and for that he had already directed the officers to monitor mining operations in a strict manner. He said that 869 cases against illegal mining had also been registered in last 8 months.

comment Note: By posting your comments here you agree to the terms and conditions of
blog comments powered by Disqus
more from Chandigarh
Copyright © 2014 HT Media Limited. All Rights Reserved