Central trade unions AITUC and CITU have strongly opposed the government decision to allow commercial coal mining by private firms.
The Centre of Indian Trade Unions (CITU) vehemently condemns the decision of the Cabinet Committee on Economic Affairs (CCEA) to open the coal mining sector for commercial mining by private and foreign corporate that too without any restriction on pricing and end-use, a CITU statement said.
It said that so long private sector was allowed to mine coal only for captive use in power, cement and steel industry and debarred from selling the coal in market.
The union said that such a retrograde decision by the Centre is nothing but a total reversal of the four decade long policy of nationalised coal mining which contributed immensely to industrial development as well as expansion of the power generation capacity in the country, it said.
Such opening up of coal mining sector for unhindered exploitation by private and foreign corporate without any restriction on pricing and end-use will definitely pave the way for weakening and privatisation of public sector coal industry, both Coal India and Singareni Collieries Ltd, thereby affecting the coal production for both public and industrial consumption as a whole, it said. Read More
Latest posts by outlookindia (see all)
- ‘Value of India’s coal imports up 38% at Rs 1.38 lakh cr in FY18’ - December 12, 2018
- Railway Ministry To Develop New Station Near Statue Of Unity - December 11, 2018
- Falling oil, gas output a concern; gas trading hub soon: Pradhan - December 11, 2018