Reforming the mining laws for transparent auction of coal blocks

In addition to the reforms requirement is expected to made earlier, the government increase up to 1,123 million has further improvised the tonnes by 2023 from the coal mining jurisdiction assuring significant participation of all the collaborators. Along with the central government, State-run coal India limited is also seeking to incorporate e trading windows to stabilize coal grades. Considering the environmental concern and switching to carbon-free energy, the government is endeavoring to harness the coal reserves within the next 30 years. Rolling auction is introduced by the government, ensuring the all- time availability of coal blocks for auction. As India's coal present level of around 700 million tonnes, coal will be the primary source of all the country's economic activities. To bring out transparency in the auction, the government will continuously upload a comprehensive list of mines and related information. Recently, India listed 67 mines from different states for the second tranche of coal mine auction. Besides the two-stage auction that allows bidders to decide revenue on a reserve price, there will be no constraint on coal sale and coal consumption from the mines.

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