NEW DELHI: India will further open up commercial coal mining, with revenue share arrangement, to boost the fuel's production in the country, finance minister Nirmala Sitharaman said on Saturday.
The announcement is part of the fourth tranche of the Rs20 trillion stimulus package to mitigate the economic fallout of the coronavirus pandemic.
Sitharaman said there will be further reforms in the mineral sector, with no distinction between the captive and non-captive mines that will allow transfer of mining leases.
The other measures include promoting coal gas gasification through rebate in revenue share, auctioning 50 new coal and 500 mineral blocks, and an investment of Rs50,000 crore to create transportation infrastructure for evacuating 1