ForumIAS LATEST
- 12 June | From 105 to 142 in UPSC Prelims | AIR 2 IFoS 2025 Shares His Strategy | Click Here to Watch →
- 12 June | Failed Prelims, Secured IFoS AIR 36: Nikhil's Success Story |
Click Here to Watch → - 12 June | What Helped AIR 02 Crack IFoS? SFG, Mock Tests & Answer Writing | Click Here to Watch →
- Recently,Union cabinet has decided to permit 100% foreign direct investment(FDI) in the coal sector.
- This decision is likely to help the coal-bearing states to get more revenue and bring in more players to create an efficient and competitive coal market.
- However,experts have said that right kind of policies are needed to ensure that global players come to India.
- The policies would include a (a)single-window clearance to ensure approvals on environment clearance (b)mining leases and (c)land acquisition are processed in a time bound manner.
- Further,the foreign investment will be beneficial for India as it is among the few remaining markets where coal mining and demand for the resource is growing.In most other countries,demand has peaked.
