Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Hockey India on Monday announced the 20-member squad for the Men's Junior Asia Cup, a qual
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
Unleashing Coal: Commercial mine auction to start from June 18 Last Updated : 13 Jun 2020 06:43:58 PM IST Union Minister of Coal & Mines Pralhad Joshi In a big reform initiative aimed at attracting global investment in the mining sector, the government proposes to start auction of coal mines for commercial extraction by private sector from June 18.
Prime Minister Narendra Modi will be the chief guest at the launching programme to be virtually held in New Delhi."We are launching first-ever commercial coal auctions in the country on 18th June. Event will be graced by PM @NarendraModi Ji. It is his vision & guidance to make #AtmaNirbharBharat in coal. I am proud that we are well on our way to achieve it," Union Minister of Coal & Mines Pralhad Joshi has tweeted.Reforms in the coal sector by the @narendramodi govt has enhanced transparency in this sector.
— G Kishan Reddy (@kishanreddybjp) June 13, 2020
In a bid to create more employment opportunities, the mines will be auctioned for commercial purposes on 18th of June, 2020. pic.twitter.com/nhbT09GwGA
The commercial coal mining auctions are completely different from the earlier regime of restricted sectors, use and price. Now there are no such restrictions at all.The proposed auctions have terms and conditions which are very liberal, allowing new companies to participate in the bidding process, reduced upfront amount, adjustment of upfront amount against royalty, liberal efficiency parameters to encourage flexibility to operationalize the coal mines, transparent bidding process, 100% FDI through automatic route and reasonable financial terms and revenue sharing model based on National Coal Index.The successful bidders will also have flexibility in coal production unlike past and have provision for incentives for early production and coal gasification.The coal mines auction process will lay strong foundation for energy security in the country by producing additional coal, providing large-scale employment and huge opportunities for investment in the coal sector.These efforts will supplement the 1 billion tonne coal production likely from Coal India in FY 23-24 and meet full requirement of domestic thermal coal.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186