LIA, as the name suggests, is an outcome of some inspiring work in the field of Civil Services tutoring. Country is forced to import hundreds of millions of coal every year. In News- Recently, the Government clarified that any FDI in commercial coal mining should also comply with the recent amendments made in the applicable laws. Analysis: Coal accounts for around 70 % of … He also stressed on the irony that India is the second largest coal importer, despite having the world’s fourth largest coal reserves and being the second largest producerEnter your email address to subscribe to this blog and receive notifications of new posts by email.Today, Insights is synonymous with UPSC civil services exam preparation. The current per capita commercial primary energy consumption in India is about 350 kgoe/year which is well below that of developed countries. One reason is to look back and see under what conditions, government nationalized coal mining in 1970s. The auction for commercial coal-mining can bring the coal sector out of decades of lockdown.
Don’t lose out on any important Post and Update. was also developed to monitor the allocation of coal by CIL to States, States to State Nominated Agencies () and SNA to such consumers in a transparent manner.Commercial mining of coal allowed, with 41 blocks to be offered to the private sectorThe coal mines being auctioned are located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra and Odisha. There is a need to take bold political decisions so that multiple coal producers can competitively produce coal and there is an uninterrupted supply of coal for various needs. With reference to the ongoing auction process of coal mines for commercial coal mining in India: Foreign Direct Investment (FDI) Policy, 2017 was amended in 2019 to permit 100% FDI under automatic route in coal mining activities.Legacy IAS Academy (LIA), Best IAS Coaching in Bangalore, had its inception with the synergies of a group of efficient tutors, which included veteran IAS/IPS/IRS officers, Academics and extraordinary tutors. Learn everyday with Experts! Coal Mines Nationalisation Act, 1973 or CMNA provided that all rights/titles in relation to the coal mines shall stand vested in the Central Government. The coal ministry has simplified the process of the mining plan approval process from 90 days to 30 days. It provides that there shall be The government’s plans as coming out in the form of various statements of Coal secretary / Ministers, and they can be summarized as follows:We note here that after the government had promulgated the Coal Mines (Special Provisions) Ordinance, 2014 in October 2014, there was a strike in the Coal India Ltd (CIL) workers. Modi said that the Centre has allowed commercial mining under its Aatmanirbhar Bharat package, with the aim of making India among the biggest exporters of the dry fuel. However, existing issues also need urgent attention such as reconstruction and reorganising of old mines; coal theft; illegal mining; updating the obsolete technologies etc. We note here that this act has neither amended the CMNA nor explicitly makes declarations regarding commercial mining. Commercial Mining means mining the coal with an objective to make it on open market, not tied to some specific end use.
3. The Centre launched the auction of 41 coal blocks for commercial mining, with the Prime Minister formally giving the green signal and expressed optimism that it will help in reducing dependency on imports. FDI IN COMMERCIAL COAL MINING- With reference to the ongoing auction process of coal mines for commercial coal mining in India: Foreign Direct Investment
Insights has redefined the way preparation is done in UPSC civil service examNanda Ashirwad Complex, 3rd Floor, Above Village Hyper Market, Chandralyout Main Road, Attiguppe , Bengaluru - 560040QUIZ – 2020: Insights Current Affairs Quiz in Hindi , 4 August 2020 2.
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