{"id":31121,"date":"2018-10-27T12:13:51","date_gmt":"2018-10-27T06:43:51","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31121"},"modified":"2018-10-27T12:13:51","modified_gmt":"2018-10-27T06:43:51","slug":"commercial-coal-mining-opened-for-private-sector","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/commercial-coal-mining-opened-for-private-sector\/","title":{"rendered":"Commercial coal mining opened for private sector"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Industry\/government-clears-opening-up-of-commercial-coal-mining-to-private-firms\/article22806187.ece\"><b>Commercial coal mining opened for private sector<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Opening up commercial coal mining for Indian and foreign companies in the private sector, the Cabinet Committee on Economic Affairs approved the methodology for auction of coal mines\/blocks for sale of the commodity. <\/span><\/li>\n<\/ul>\n<p><b>Introduction:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The government described the move as the most ambitious reform of the sector since its nationalisation in 1973.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Coal accounts for around 70% of the country\u2019s power generation.<\/span><\/li>\n<\/ul>\n<p><b>Benefits:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This reform is expected to bring efficiency into the coal sector by moving from an era of monopoly to competition.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It will increase competitiveness and allow the use of best possible technology into the sector.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> Public sector undertaking Coal India was so far the lone commercial miner in the country for over four decades.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company accounts for 84% of India\u2019s coal output.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It gives highest priority to transparency, ease of doing business and ensures that natural resources are used for national development.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Entire revenue from the auction of coal mines for sale of coal would accrue to the coal bearing States, this methodology shall incentivise them with increased revenues which can be utilised for the growth and development of backward areas .<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Commercial coal mining opened for private sector Context: Opening up commercial coal mining for Indian and foreign companies in the private sector, the Cabinet Committee on Economic Affairs approved the methodology for auction of coal mines\/blocks for sale of the commodity. Introduction: The government described the move as the most ambitious reform of the sector&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/commercial-coal-mining-opened-for-private-sector\/\">Continue reading <span class=\"screen-reader-text\">Commercial coal mining opened for private sector<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31121","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704909236},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31121","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\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31121"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31121\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}