Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine About Us Budget'26 Budget'24
  • Budget'25 Budget'24
    • Home
    • News
    Jharkhand government to sue in coal debts:

    Jharkhand's government to sue for Rs 1.36 trillion in coal debts: Chief Minister Soren


    Finance Outlook India Team | Friday, 29 November 2024

    Hemant Soren, the newly appointed Chief Minister of Jharkhand, declared shortly after assuming office that his government would file a lawsuit to recover Rs 1.36 trillion in coal debt from the central government. On Thursday, Soren took the oath of office as chief minister.

    As he briefed the public on the conclusions of his current government's first cabinet meeting, Soren stated, "Legal action will be initiated to realize Rs 1.36 lakh crore of the state pending with the Center."

    The declaration was made just twenty-five days after he asked the Center "with folded hands" to pay the state's coal debt.

    No minister took oath during the day, despite the CM's claim that the decision was made at the "Cabinet meeting."

    In Delhi on Tuesday, Soren met with Prime Minister Modi for the first time since his reelection. They talked about state issues and Soren invited the PM to his swearing-in ceremony.

    "The PM and the home minister are coming to Jharkhand," he wrote on X on November 2. I implore them once more to pay the Rs 1.36 trillion in unpaid coal debts owed to Jharkhandis. This sum is essential to Jharkhand.

    Soren shared a copy of a letter to the prime minister along with the post. "I would also appeal to my BJP colleagues, especially the MPs, to help Jharkhandis in getting our dues," Soren wrote.

    Soren asserted that "non-clearance is causing irreparable harm to Jharkhand's development" and emphasized that the state still owes "rightful" dues to central PSUs like Coal India.

    A nine-judge Supreme Court panel recently upheld the state's entitlement to receive its mining and royalties. Soren emphasized that the failure to pay dues is impeding Jharkhand's growth and vital socioeconomic initiatives.



    Read More:

    ConvoZen Launches End-to-End Conversational AI

    India & France Revise Tax Treaty, Scrap MFN Clause, Ease Dividends

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2026 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe WRAPUP’25