India 2020 Government evacuation Coronavirus India

India launches commercial coal mine auctions

Reading now: 913
www.livemint.com

₹33,000 crore, with the auctions serving as a template for allocation of domestic natural resources.There will be no restriction on the sale and utilisation of coal from these mines.

Earlier, blocks were awarded on a fixed payment per tonne basis which the government believed was impeding production.According to the coal ministry, these 41 mines are expected to hit peak production of 225 million tonne (mt) and will account for around 15% of India’s total coal production in 2025-26.

Commercial mining will add ₹20,000 crore annually to the state governments’ revenue. Also, the implementation of a National Coal Index will help India move towards a free market structure for coal.Speaking at the launch of coal mines auction, Modi said India.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA