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Ministerial panel likely to meet on Jan 21 on Coal Regulatory Bill

17 Jan 2013 Evaluate

The Coal Minister Sriprakash has said that Finance Minister, P. Chidambaram headed ministerial panel is likely to meet on January 21 to discuss the draft Coal Regulator Bill. The Bill envisages setting up of a regulatory authority for the coal sector.

The ministerial panel was asked to make recommendations on its powers and functions. Earlier at the inaugural session of the 7th International Exhibition & Conference on Power Sector being jointly organised by the Ministry of Power and FICCI, Jaiswal, said that in order to fast track development of coal blocks in the country, the Government has proposed to develop some of the Coal India blocks through mine developer and operator (MDO) and further added that efforts are being made to enhance exploration for enlarging resource base for coal.

Regarding import of coal and price pooling, the Minister said that a proposal to import coal with pooling of prices is suggested to bind over the current shortage situation, however required an in-depth study for a considered view as a number of state governments have expressed their reservation on the proposal.

Moreover, with a view to infusing competition in the coal sector and to review the existing institutional mechanism, it has been proposed to take up the exercise of restructuring of CIL for which expression of interest has been floated by the Ministry for identifying suitable consultants.

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