February 21st, 2017 by Saurabh Mahapatra 
Renewable energy has been the largest beneficiary of the coal tax tax revenue collected in India over the last seven years.
The Ministry of Finance in India recently revealed that it has allocated Rs 12,430 crore ($1.8 billion) from the National Clean Energy Fund to the Ministry of New & Renewable Energy between 2010-11 and 2016-17. The National Clean Energy Fund (NCEF) is replenished by coal cess (tax) levied on every tonne of coal mined or imported in to India.
Coal cess was introduced in 2010 at Rs 50 per tonne and was subsequently increased a number of times to the present level of Rs 400 per tonne.
Other areas where the coal cess revenue has been utilized are for water resources and river development, drinking and water sanitation, and environment and forests. These sectors have collectively received Rs 5,039 crore ($750 million) over the …