He said Odisha was losing over Rs five crore everyday on account of delay in revising the royalty rate upwards from 10 per cent to 15 per cent as recommended by the study group set up by the central government.
The rates were last revised in August 2009. The Chief Minister said the revision will help poor states like Odisha to be adequately compensated for the negative externalities caused by mining activities.
According to a statement issued by Odisha government, the FM assured that all issues, including revision of royalty rate on minerals and compensation to the state for the revenue loss incurred due to reduction in CST rates, will be given priority by the Centre.
