As per Ministry of Coal, Compound annual growth rate (CAGR) of imported coal share fell from 13.94% (2004-05 to 2013-14) to -2.29% (2014-15 to 2023-24).
- Under Open General Licence: Coal can be freely imported by the consumers themselves considering their needs based on their commercial consideration.
Measures taken to reduce coal import
- Amendment of Mines and Minerals (Development and Regulation) Act, 1957: to allow captive mines to sell up to 50% of their annual production.
- Foreign Direct Investment(FDI): 100% FDI allowed for commercial mining.
- Coal Area Expansion: Taking up new projects and expansion of existing projects,auction of coal blocks to private companies/PSUs,etc.
- Single Window Clearance portal: for the coal sector to speed up the operationalization of coal mines.
Challenges of Coal Mining
- Non availability of domestic production of high grade coals like coking coal, anthracite and low ash thermal coal, etc in India.
- Non-Payment of commensurate Coal value along with huge outstanding dues by Power Sector consumers.
- Un-seasonal and extended Rainfall in the coal bearing areas.
About Coal Sector in India
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