CCEA may soon decide on mines allocation for commercial mining


Team Udayavani, Nov 18, 2017, 4:23 PM IST

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) may soon take a call on the methodology for allocation of coal mines for commercial mining, an official source said.

“The CCEA may soon take a decision on the methodology for coal block allocation for commercial mining,” the source said on the condition of anonymity.

A discussion paper on the modalities for allocation of coal mines through auction route was earlier placed in the public domain for comments.

The government plans to put under the hammer 5-6 coal blocks for commercial mining by private players.

Coal Minister Piyush Goyal had earlier said that enabling provisions have been made in the Coal Mines (Special Provisions) Act, 2015 for allocation of coal mines by way of auction and allotment for the sale of coal.

Commercial mines are allotted without specifying the end user and allow private entities to sell the fuel to buyers across sectors such as power, cement and steel.

India is in the process of throwing open commercial coal mining to private firms for the first time in four decades, with the aim of shifting the world’s third-biggest coal importer towards energy self-sufficiency.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Priyanka Gandhi will surpass votes received by Rahul: IUML

Karnataka bypolls: Cong ahead in all three Assembly seats

Wayanad LS bypoll: Priyanka in lead by over one lakh votes

Indian-American leaders applaud PM Modi for inclusive growth in India

Doctors remove over 50 toothbrushes from man’s stomach in B’luru

Wayanad LS bypoll: Priyanka in lead by over 55,000 votes after close to 2 hrs of counting

Perth Test: Day 2 Lunch — Bumrah gets five-for as Australia bowled out for 104

Related Articles More

Binny Bansal steps down from board of PhonePe

MSEZ partners with Italy’s MIR Group for Rs 1,500 cr green facility

Sony India bags ACC media rights for eight years

Musk says X now top news app on App Store in India

Air India to offer integrated aircraft maintenance engineering programme

MUST WATCH

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava


Latest Additions

Priyanka Gandhi will surpass votes received by Rahul: IUML

Manipur: 2 more arrested for arson at residences of MLAs

Priyanka Gandhi will win by record margin from Wayanad, says Telangana CM

Something is fishy, there’s a big conspiracy: Raut on poll trends suggesting Mahayuti’s win

IPL Auction: Pant set for date with history but Arshdeep won’t be far behind

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.