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Govt Approves Ordinance To Remove End-User Restrictions, Boost FDI In Coal Mining

It will help private companies to do commercial mining of coal. The govt has also approved a change in the law to improve FDI in coal mining.

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In an attempt to increase coal mining in the country, the Cabinet has approved promulgation of Mineral Laws(Amendment) Ordinance 2020 which will amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines(Special Provisions) Act 2015. 

It will help private companies to do commercial mining of coal. The govt has also approved a change in the law to improve FDI in coal mining.

Currently, companies other than steel and power, and coal washing services firms are barred from bidding for coal blocks. Through the amendment, the Centre opens up coal mining to all firms with offices registered in India. The clause in the present form can impede the government’s endeavour to open up the coal sector through commercial mining

This will improve the ease of doing business. It will also help private companies to do commercial mining of coal. The govt has also approved a change in the law to improve FDI in coal mining. Under the ordinance, allocation of coal/lignite blocks for composite prospecting licence cum mining lease has been provided; requirement of previous approval in cases where the allocation of blocks was made by Central Govt has been dispensed with.


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