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GoM on draft coal regulator Bill likely to meet on April 10

10 Apr 2013 Evaluate

To monitor the fuel pricing, sampling and other practices in the coal sector, the Group of Ministers (GoM) on draft coal regulator Bill, headed by Finance Minister P Chidambaram is expected to meet on April 10. Earlier, the Coal Minister Sriprakash Jaiswal, who is part of the GoM, had said that discussions are in progress and the government may soon appoint a coal regulator.

The setting up of a sovereign regulator for the coal sector is considered important for fixing guidelines for price revision, improving the competitiveness in e-auctions, setting trading margins and increasing transparency in the allocation of reserves.

During the last meeting of the inter-ministerial panel held in January, some of the issues such as the pricing of coal and bringing on the selection board a representative from the Power Ministry were raised. Earlier, the Cabinet had discussed the proposal for a coal sector regulator and asked the GoM to make recommendations on its powers and functions.

The GoM on draft coal regulator Bill comprises Finance Minister, Coal Minister, Environment Minister Jayanthi Natarajan, Planning Commission Deputy Chairman Montek Singh Ahluwalia, and Power Minister Jyotiraditya Scindia, among others.

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