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Government Committee Recommends Privatisation of Coal Sector

Coal News - Published on Tue, 17 Sep 2019

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ET Now reported that a high level committee, comprising cabinet secretary, Department of Economic Affairs secretary, revenue secretary, coal secretary and Niti Aayog vice-chairman, has recommended some sweeping policy changes to reform the coal sector. Governmnt sources told the channel that a high-level panel has recommended reforms to privatise the coal sector. One of the biggest recommendations is to move away from any allocation of captive coal mines. A one year roadmap has been recommended to shift all concessions to commercial mining. All new auctions or allotments of coal mines has been recommended for commercial purpose only.

The committee also recommend removal of private sector’s disadvantageous position by doing away with the direct coal allotment to PSUs. Other recommendations included privatising Coal India’s washeries to reduce India’s 80 per cent import dependency on coking coal for steel, in addition to incentivise the private sector by auctioning coking coal linkages for 20 years.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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