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Ordinance to amend coal mining laws
January 13 , 2020
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- The Government of India has promulgated ordinance to amend MMDR act (Mines and Minerals Development and Regulation act), 1957 and Coal Mines (Special Provisions) act [CMSP], 2015.
- It will enhance ease of doing business and ease the auction of coal mines
- It will promote FDI (Foreign Direct Investment).
- Despite having the world’s fourth largest coal reserves, India imported 235 million tonnes (mt) of coal last year.
- Thus, India is the second largest importer of coal in the world.
- The Government plans to increase coal production to 1 billion tonnes by 2024.
- For the financial year 2019-20, the target set is 660 million tonnes.
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