Cabinet nod for ordinance enabling FDI in coal mining
5 years, 2 months ago

Cabinet nod for ordinance enabling FDI in coal mining

The Hindu  

The Union Cabinet on Wednesday approved an ordinance to amend two laws to ease mining rules, enabling foreign direct investment in coal mining. At a Cabinet meeting chaired by Prime Minister Narendra Modi, the ordinance to amend the Mines and Minerals Act, 1957 and the Coal Mines Act, 2015 was approved, Parliamentary Affairs and Coal Minister Pralhad Joshi said at a press conference. Mr. Joshi said “end-use restrictions” had been done away with allowing “anyone to participate in the auction of coal blocks”. Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan said the steel industry would get cheaper inputs, leading to an increase in ‘competitiveness’.

Coal Cabinet  joshi  ease  coal  nod  minister  ordinance  fdi  enabling  mining  mines  steel  auction  increase  cabinet

History of this topic

Union govt. modifies amendments proposed to the Mines and Minerals Act following Kerala’s demand
1 year, 8 months ago

Union govt. modifies amendments proposed to the Mines and Minerals Act following Kerala’s demand

The Hindu  

The Union government has modified the amendments proposed to the Mines and Minerals Act, 1957 following demands made by the State government, Industries Minister P. Rajeeve’s office has said. Mr. Rajeeve said on Saturday that the State had informed the Union government about its objection to the proposed amendment as early as a year ago and a memorandum had been …

India’s mining sector to witness reforms, flurry of activities in 2021
4 years, 3 months ago

India’s mining sector to witness reforms, flurry of activities in 2021

Hindustan Times  

The country’s mining sector will see “hectic activities” in the new year with the central government’s approvals for pending mining reforms expected in January itself and efforts continuing to bolster overall mineral output. The country’s mining sector will see “hectic activities” in the new year with the central government’s approvals for pending mining reforms expected in January The reforms will …

Time Taken for Forest Clearance for Coal Blocks May Soon Get Reduced: Secretary Anil Kumar Jain
4 years, 7 months ago

Time Taken for Forest Clearance for Coal Blocks May Soon Get Reduced: Secretary Anil Kumar Jain

News 18  

The coal ministry is in talks with the environment ministry for reducing the time required for obtaining forest clearance for operationalisation of blocks, a top official said on Tuesday. The forest clearance required for operationalisation of blocks takes a lot of time, Coal Secretary Anil Kumar Jain said. In case of forest clearance, we are constantly applying our mind and …

FDI in Commercial Mining: Govt Nod Needed For Companies From Nations Sharing Border With India
4 years, 7 months ago

FDI in Commercial Mining: Govt Nod Needed For Companies From Nations Sharing Border With India

News 18  

The Centre on Monday clarified that any foreign direct investment in commercial coal mining from an entity of a country that shares land border with India will be allowed only after government approval. "This is with reference to the ongoing auction process of coal mines for commercial coal mining.It is further clarified that any FDI in the commercial coal mining …

SC Issues Notice In Jharkhand Govt's Plea Against Centre's Coal Block Auction
4 years, 8 months ago

SC Issues Notice In Jharkhand Govt's Plea Against Centre's Coal Block Auction

Live Law  

The Supreme Court on Tuesday issued notice in the plea filed by Jharkhand Government against the launch of auction process of coal blocks for purposes of commercial mining by the Prime Minister.A bench of CJI SA Bobde, N Subhash Reddy & AS Bopanna while issuing notice in the matter stated that apart from being inclined to hear the case, it …

Parliament Passes Mineral Laws Amendment Bill, 2020 [Read Bill]
5 years ago

Parliament Passes Mineral Laws Amendment Bill, 2020 [Read Bill]

Live Law  

The Mineral Laws Amendment Bill, 2020 was passed by the Rajya Sabha today with 83 votes in its favour and 12 votes against it. JUST IN: #RajyaSabha passes the Mineral Laws Bill, 2020, opening the mining sector for pvt/global players The Bill was cleared by #LokSabha on Friday, Mar 6 without any discussion RS also discussed Bill amidst scanty attendance …

100% FDI in coal mining to help India achieve 300 MT steel output target: Deloitte
5 years, 4 months ago

100% FDI in coal mining to help India achieve 300 MT steel output target: Deloitte

India TV News  

India's move to allow 100 per cent foreign direct investment in coal mining is a "positive move" and a good policy enabler towards the country's long-term ambition of producing 300 million tonnes of steel per annum, a Deloitte official has said. In August, the government had allowed 100 per cent foreign investment in coal mining and contract manufacturing. "At the …

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill
5 years, 6 months ago

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill

Firstpost  

Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago. New Delhi: The government plans to invite bids from global firms for the first time for coal mining blocks before end-2019, sources familiar with the matter said, a move that would end Coal India Ltd’s near-monopoly for …

Centre gains leverage with coal auction windfall for states
10 years ago

Centre gains leverage with coal auction windfall for states

Live Mint  

New Delhi: Six coal-rich states are set to reap a bonanza from coal-field auctions in the form of upfront payments, revenue and royalty, the promise of which may have spurred the ruling parties of Odisha and West Bengal to break ranks with the opposition and support the coal mines bill passed by Parliament last week. “We would expect mineral-rich states …

Coal mine allottees to comply with anti-corruption norms
10 years, 2 months ago

Coal mine allottees to comply with anti-corruption norms

Firstpost  

CMPDA coal joint secretary and the nominated authority for the coal auctions Vivek Bharadwaj said the features of the agreement include “a clause mandating the successful bidder to comply with all the applicable laws in relation to health, safety, welfare, social security and minimum wages for the workers”. New Delhi: Ahead of the coal blocks auctions, the government today came …

Ordinance on mines, ninth by NDA govt.
10 years, 2 months ago

Ordinance on mines, ninth by NDA govt.

The Hindu  

The government has promulgated the ordinance amending the Mines and Minerals Act, 1957, the MMDR Amendment Ordinance, 2015 to allow auction policy in grant of mining leases for both bulk minerals and notified minerals. This is the ninth ordinance issued by the National Democratic Alliance government and promulgated by the President under Article 123 in a little over seven months …

President nod to ordinance for auction of iron ore, non-coal minerals – India TV
10 years, 2 months ago

President nod to ordinance for auction of iron ore, non-coal minerals – India TV

India TV News  

New Delhi: President Pranab Mukherjee on monday gave his assent to an ordinance for auction of mines of iron ore and other minerals, a government source said. The ordinance would pave the way for introduction of competitive bidding for allocation of iron ore and other non-coal mines. The need for taking the ordinance route was felt as the government was …

President Mukherjee signs insurance, coal ordinances
10 years, 3 months ago

President Mukherjee signs insurance, coal ordinances

Firstpost  

The government had decided to promulgate these ordinances to move ahead with reforms in the two sectors, as respective bills could not get through during the just-concluded Parliament Session that ended on Tuesday. New Delhi: Paving way for additional foreign investment in insurance and to move ahead with the re-allocation of cancelled coal mines, President Pranab Mukherjee today signed the …

Protests fail to stop coal, insurance ordinances
10 years, 3 months ago

Protests fail to stop coal, insurance ordinances

The Hindu  

The NDA government had recommended promulgation of ordinances on coal and insurance sector reforms after failing to get them passed in Parliament. In a letter to the President, CPI leader in the Rajya Sabha Sitaram Yechury contended that since a select committee of the Rajya Sabha had scrutinised the Insurance Bill and had tabled its report, the draft legislation “remains …

Too much delay forced ordinances: Jaitley
10 years, 3 months ago

Too much delay forced ordinances: Jaitley

The Hindu  

The Narendra Modi government on Wednesday pushed through insurance and coal sector reforms by promulgating two ordinances. The ordinances, approved by the Cabinet in the morning, will allow the e-auction of coal mines and increase the FDI cap in insurance firms to 49 per cent. Speaking to reporters after the Cabinet meeting, Union Finance Minister Arun Jaitley said “Now it …

President clears ordinance on coal e-auction but this is a half-hearted attempt at reforms
10 years, 5 months ago

President clears ordinance on coal e-auction but this is a half-hearted attempt at reforms

Firstpost  

The coal sector in India is in a mess. Interestingly, a PTI report points that “Sources said successful bidders in the fresh auction of coal blocks along with the land and plant standing on it would be liable to pay the earlier allottees the cost of the land and the plant along with 12 per cent annual interest on the …

Ordinance on coal block auctions: A stop gap measure not economic reform
10 years, 5 months ago

Ordinance on coal block auctions: A stop gap measure not economic reform

Firstpost  

So are the much awaited reforms finally set to roll in the sector that is reeling under the monopoly of Coal India? “The Cabinet has recommended promulgation of an Ordinance to the President in order to resolve the pending issues particularly the situation arising out of the Supreme Court judgement quashing the allocation of the coal blocks.” Arun Jaitley has …

Government moves to issue Ordinance for e-auction of coal mines
10 years, 5 months ago

Government moves to issue Ordinance for e-auction of coal mines

India TV News  

New Delhi: In a major move towards energy sector reforms, the Union Cabinet recommended promulgation of an Ordinance to facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central PSUs. "The Cabinet has recommended promulgation of an Ordinance to the President in order to resolve the pending issues particularly the situation …

BJP hails decision to bring Ordinance on coal blocks
10 years, 5 months ago

BJP hails decision to bring Ordinance on coal blocks

India TV News  

New Delhi: The Bharatiya Janata Party has welcomed government's decision to promulgate an Ordinance to facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central PSUs and said the reforms initiated by the Prime Minister are aimed at helping the common man. The power and coal sector had seen a dark …

Modi govt's solution to Coalgate: Ordinance to acquire mines for auction
10 years, 5 months ago

Modi govt's solution to Coalgate: Ordinance to acquire mines for auction

Firstpost  

Days after SC cancelled allocation of 214 coal blocks, the government moved to bring an Ordinance that will enable it to acquire the land of these mines. New Delhi: Days after the Supreme Court cancelled allocation of 214 coal blocks, the government today moved to bring an ordinance that will enable it to acquire the land of these mines along …

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