{"id":174381,"date":"2022-03-15T20:14:49","date_gmt":"2022-03-15T14:44:49","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=174381"},"modified":"2022-03-15T20:14:49","modified_gmt":"2022-03-15T14:44:49","slug":"innovative-measures-adopted-by-coal-ministry-to-meet-growing-requirement-of-coal","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/innovative-measures-adopted-by-coal-ministry-to-meet-growing-requirement-of-coal\/","title":{"rendered":"Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal"},"content":{"rendered":"\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Union Minister of Coal has informed Rajya Sabha about the reforms undertaken in the Coal Sector.<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read more: <\/strong><a style=\"font-family: inherit; font-size: inherit; background-color: var(--global--color-background);\" title=\"Coal crisis in India \u2013 Explained, pointwise\" href=\"https:\/\/forumias.com\/blog\/coal-crisis-in-india-explained-pointwise\/\"><strong>Coal crisis in India \u2013 Explained, pointwise<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><b>What are the measures that have been taken by the Government to meet the coal requirement in\u00a0 India?<\/b><\/h5>\n<p><b>Commercial Auction of coal on revenue share mechanism: <\/b><span style=\"font-weight: 400;\">This <\/span><span style=\"font-weight: 400;\">methodology for coal mine auctions entails reduced upfront payment and the bidders will be required to bid for a percentage share of revenue payable to the government. <\/span><span style=\"font-weight: 400;\">Earlier, blocks were allocated to companies on payment of fixed amounts per tonne.<\/span><\/p>\n<p><b>Allowed sale of excess coal production<\/b><span style=\"font-weight: 400;\">: The Ministry of Coal has amended Mineral Concession Rules, 1960 to allow 50% sale of coal produced in a financial year from <\/span><a href=\"https:\/\/forumias.com\/blog\/what-is-the-difference-between-captive-and-non-captive-mines\/\"><span style=\"font-weight: 400;\">captive mines.<\/span><\/a> <span style=\"font-weight: 400;\">This is applicable for both the private and public sector captive mines.<\/span><\/p>\n<p><b>Rolling Auctions:<\/b><span style=\"font-weight: 400;\"> In order to expedite the process for conducting auctions and to carry out more rounds of the auction in a year, a mechanism of rolling auctions of coal mines has been planned. Under this mechanism, upon completion of the electronic auction process of a tranche, the next tranche of the auction would be launched for the following mines:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Mines where no bid or only a single bid was received in the previous tranche of auction (except for those mines where the Ministry of Coal decides to go for a second attempt of the auction)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 New mines, if any, identified by the Ministry of Coal.<\/span><\/p>\n<p><b>Single Window Clearance<\/b><span style=\"font-weight: 400;\">: The Union government has launched a Single Window Clearance portal for the coal sector to speed up the operationalisation of coal mines. It is a unified platform that facilitates grants of clearances and approvals required for starting a coal mine in India.<\/span><\/p>\n<p><b>Source<\/b>: This post is based on the article <b>\u201c<\/b><b>Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal<\/b><b>\u201d <\/b>published in <b>PIB <\/b>on <b>15th Mar 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? The Union Minister of Coal has informed Rajya Sabha about the reforms undertaken in the Coal Sector. Read more: Coal crisis in India \u2013 Explained, pointwise What are the measures that have been taken by the Government to meet the coal requirement in\u00a0 India? Commercial Auction of coal on revenue share&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/innovative-measures-adopted-by-coal-ministry-to-meet-growing-requirement-of-coal\/\">Continue reading <span class=\"screen-reader-text\">Innovative Measures Adopted by Coal Ministry To Meet Growing Requirement of Coal<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-174381","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700777346,"cached_date":1704863821},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/174381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=174381"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/174381\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=174381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=174381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=174381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}