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 ....
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