Coal Sector in India

In July 2024, the Ministry of Coal has reported a decline in imported coal share, with its CAGR falling from 13.94% (2004-14) to -2.29% (2014-24).

Key Reforms Driving Reduction in Coal Imports

  • Coal Mines (Special Provisions) Act, 2015: Allowed private commercial mining, with auctions beginning in 2020.
  • Mines and Minerals (Development and Regulation) Amendment Act, 2021: Introduced Composite Prospecting Licence-cum-Mining Lease (PL-cum-ML) to streamline operations.
  • National Coal Index (NCI): Tracks coal prices across sales channels.
  • 100% FDI in Coal Mining: Boosts investment and technology adoption.
  • New Coal Distribution Policy (NCDP) Amendment, 2007: Improved coal sales transparency.

Recent Initiatives to Boost Domestic Coal Production

  • Integrated ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Current Affairs