fbpx

2nd Tranche of Commercial Coal Mining 

  • IASbaba
  • March 27, 2021
  • 0
UPSC Articles
Print Friendly, PDF & Email

2nd Tranche of Commercial Coal Mining 

Part of: GS Prelims and GS – III –  Economy 

In news

  • India launched its 2nd Tranche of auction for commercial coal mining offering 67 mines for sale of coal. 
  • Union Coal Minister launched the auction process.

Key takeaways 

  • This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014.
  • Out of the total 67 mines offered by the Ministry of Coal, 23 mines are under CM(SP) Act and 44 under MMDR Act.
  • The coal mines on offer are spread across 6 States Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh.

Do you know? 

Rolling auction

  • Government of India is moving towards adopting a ‘Rolling Auction’ mechanism for conducting future auctions.
  • Coal is the first mineral resource where Rolling Auction mechanism is being implemented in which a pool of coal blocks will always remain available for auctions.

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....