ప్రైవేట్ బొగ్గు గనులకు కేంద్రం అనుమతి, లాభమా? నష్టమా?|| Perils Of Private Coal Mining ||
Unveiling the fourth set of the 20-lakh crore Covid economic package as part of the “Atmanirbhar Bharat Abhiyan (Self-reliant India campaign)”, Union Finance Minister Nirmala Sitharaman’s latest announcements on Saturday were targetted towards eight sectors—coal, minerals, defence production, civil aviation, power distribution, social infrastructure, space and atomic energy.
An easing of limits on foreign direct investment in defence manufacturing, privatisation of six more airports, opening up of more airspace and allowing private sector in commercial coal mining were among key announcements made by Sitharaman.
Sitharaman said that the government will bring in commercial mining in the country’s coal sector and that the government monopoly in coal mining will be removed. This, she said, will be done on the basis of a revenue-sharing mechanism instead of regime of a fixed rupee per tonne. She said that any company can bid for a coal block and sell in the open market.
She said that India has the third-largest coal availability within its untapped mines and yet India still imports coal. Because of this, the emerging sectors suffer because of lack of raw material availability. Sitharaman said that regulations are required when there is a shortage. But she stressed that India has abundant coal. Separately, she said that coalbed methane will also be auctioned. Rs 50,000 crore for evacuation infrastructure is being provided, she added.
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ప్రైవేట్ బొగ్గు గనులకు కేంద్రం అనుమతి, లాభమా? నష్టమా?|| Perils Of Private Coal Mining || Unveiling the fourth set of the 20-lakh crore Covid economic package as part of the “Atmanirbhar Bharat Abhiyan (Self-reliant India campaign)”, Union Finance Minister Nirmala Sitharaman’s latest announcements on Saturday were targetted towards eight sectors—coal, minerals, defence production, civil aviation, power distribution, social infrastructure, space and atomic energy. An easing of limits on foreign direct investment in defence manufacturing, privatisation of six more airports, opening up of more airspace and allowing private sector in commercial coal mining were among key announcements made by Sitharaman. Sitharaman said that the government will bring in commercial mining in the country’s coal sector and that the government monopoly in coal mining will be removed. This, she said, will be done on the basis of a revenue-sharing mechanism instead of regime of a fixed rupee per tonne. She said that any company can bid for a coal block and sell in the open market. She said that India has the third-largest coal availability within its untapped mines and yet India still imports coal. Because of this, the emerging sectors suffer because of lack of raw material availability. Sitharaman said that regulations are required when there is a shortage. But she stressed that India has abundant coal. Separately, she said that coalbed methane will also be auctioned. Rs 50,000 crore for evacuation infrastructure is being provided, she added.
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