17 May, 2020
5 Min Read
Coal, mineral reforms to help reduce imports
Part of: GS-III- CULTURE (PT-MAINS-PERSONALITY TEST)
Coal sector will get a boost as private parties can now bid for 50 blocks: CARE Ratings
Finance Minister structural reform measures in the coal and mining sector are expected to give a boost to private investments in the sector and reduce India’s reliance on imports.
“Removal of distinction between a captive and non-captive mines would mean that transfer of non-captive mines will be permitted subject to compliance with prescribed conditions. This is a huge relaxation and will lead to increased M&A in the mining sector. This will create new opportunities.”
The govt. announced some good reform measures in the mining sector today. Single licensing policy, removal of captive non-captive distinction, revenue sharing model and stamp duty rationalisation have been the demand of the industry for a long time. Similarly, the aluminium industry has been asking for bauxite and coal combined licence, which has been cleared now.”
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