Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Niti Aayog Panel For a Greater Role of Private Sector in Coal Mining

Coal News - Published on Fri, 19 Jul 2019

Image Source: ET
Financial Express reported that the development comes with dismal levels of production by captive coal mines amid growing demand. These mines produced only 25.1 million tonne in FY19, much lower than the peak output of 43.2 million tonne in FY15 when the Supreme Court had cancelled the licences of 204 captive coal mines. With coal imports rising amid the widening gap between the production and consumption of the fuel, a high-level committee set up by the Niti Aayog is likely to suggest that all future auctions of coal blocks must be for commercial mining. The draft report, argues against any more captive coal mines and pitches for amendments in several laws to encourage private participation in mining and remove ‘discrimination’ between the private and the public sector.

According to sources, the government think-tank has already made a presentation on its recommendation to coal secretary Sumanta Chaudhuri. The draft is yet to be finalised by Mr Rajiv Kumar, vice chairman, Niti Aayog.

Source :

Posted By : Sanju Moirangthem on Fri, 19 Jul 2019
Related News from Coal segment