Finance Minister P Chidambaram headed Group of Ministers (GoM) meeting on Coal Regulator bill to be held on January 4 has been postponed yet again due to unavailability of a few ministers. The Cabinet had referred the draft Bill to a ministerial panel for setting up a regulatory authority for the coal sector. Earlier a meeting on December 18 was also postponed due to winter session of parliament.
The main agenda of the meeting was to set-up an independent regulator for the coal sector, which is considered important for improving the competitiveness in e-auctions, fixing guidelines for price revision in supply pacts, setting trading margins and increasing transparency in the allocation of reserves.
The recommendation of setting up a coal sector regulator came from Shankar Committee and country’s Integrated Energy Policy. A few states and other stakeholders have also been demanding setting-up of the coal regulator.
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