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FM approves, revised coal block clearance policy gathering pace
01 Oct 2011
1 Min Read
CW Staff
The finance ministry has given an in principle approval to a new mechanism in which all regulatory clearances are to be obtained by the government before coal blocks are auctioned to state run or private companies, thus concluding the debate on the ‘go’ and ‘no-go’ areas for mining of coal. If accepted as a policy, it will come as immense relief to companies across sectors such as power, steel, ceramics and cement, which have been allocated coal blocks but have not been able to develop them, as an intense ecological debate rages on.
Contact: Ministry of Finance.
Website: www.finmin.nic.in
Contact: Ministry of Finance.
Website: www.finmin.nic.in
The finance ministry has given an in principle approval to a new mechanism in which all regulatory clearances are to be obtained by the government before coal blocks are auctioned to state run or private companies, thus concluding the debate on the ‘go’ and ‘no-go’ areas for mining of coal. If accepted as a policy, it will come as immense relief to companies across sectors such as power, steel, ceramics and cement, which have been allocated coal blocks but have not been able to develop them, as an intense ecological debate rages on.Contact: Ministry of Finance.Website: www.finmin.nic.in
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