DAILY NEWS ANALYSIS
09 January, 2020
5 Min Read
Syllabus subtopic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
Prelims and Mains focus: About the govt.’s move and its significance; about disinvestment and its types; India’s Coal sector
News: The Union cabinet on Wednesday approved opening up of coal mining and further disinvestments. It also extended the validity period of mining lease clearances ending in 2020 by two years.
Context: Govt.’s move comes at a time when the window for fossil fuels is rapidly closing, and the global energy landscape evolving, with fundamental changes to the investment culture amid growing climate concerns.
Background
It comes against the backdrop of India’s gross domestic product growth decelerating to a six-and-a-half-year-low of 4.5% in the September quarter amid slowing domestic and external demand.
About the govt.’s move and its significance
India’s Coal Sector
Govt.’s decisions on disinvestment
What does the term ‘disinvestment’ mean?
Types of Disinvestment
Disinvestment of a minority stake in PSUs can be done in the following ways:
Disinvestment of a majority stake in PSUs:
Source: Livemint
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