The report that auction of coal blocks for commercial mining would soon take place, albeit after years of delay and dither, is welcome news. Despite our large proven reserves, India’s rising coal imports add up to over $20 billion annually due to warped policy and long years of a public monopoly, which has stultified output at huge national cost.
The policy of captive mining needs to be thoroughly overhauled as well, to gainfully boost investment and output going forward. Coal remains our main source of dependable baseload power supply, and the way forward is to boost productivity in mining and evacuation, step-up thermal efficiency levels and purposefully stem carbon emissions with systematic adoption and diffusion of modern technology and systems. In tandem, we surely need an independent regulatory body for the coal sector to carve out coal blocks, Read More
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