Miners would have to pay an amount equal to the payment they need to pay to the government, this amount will help in creating a fund for the welfare of people.
Coal miners will have to pay 26% of profits from the projects.
However, the proposal on higher royalty has been opposed by the Indian mining industry as it will increase costs and scare potential investors, reports The Wall Street Journal.
The Indian industry had opposed, saying that it would drive up costs and few would use money to invest in the mining sector.
