Illegal mining: OMC to pay Rs 2,100 cr
The State-run Odisha Mining Corporation (OMC) would pay a penalty of over Rs 2,100 crore by December 30 while implementing the Supreme Court’s order on illegal mining.
The apex court has set the payment date by December 31, which is a Sunday; so, the OMC would deposit the money by next Saturday in the accounts of the Special Purpose Vehicle (SPV) set up for the purpose.
The SPV, Odisha Mineral Bearing Areas Development Corporation (OMBADC), has been set up to expedite developmental activities in the mining areas.
After the Supreme Court’s order, the State Government is expecting a total penalty collection of about Rs 17,575 crore towards violation of environment laws and another Rs 2,000 crore from violation of forest clearance, mining plan and operate to consent norms for all the erring mine leaseholders, including the OMC.
Courtesy: the pioneer