chemistry today magazine

chemistry today magazine

chemistry today magazine Published this article page no 81  SIGNIFICANT MEASURES ANNOUNCED Sectors Measures Taken Coal  Introduction of Commercial Mining in Coal Sector o The objective is to reduce the import of substitutable coal and increase selfreliance in production of coal. o This objective can be achieved by introducing competition bringing transparency and increasing private sector participation. To achieve these government has envisaged following reforms  Changing partnership pattern with private sector to revenue sharing mechanism from the regime of fixed Rupeetonne.  Earlier only captive consumers with end use ownership could bid for a coal block. Post> these reforms any party can bid for a coal block and sell in the open market.  Entry Norms for the sector will be liberalized and nearly 50 blocks will be offered immediately to all participants. Also there will be no eligibility conditions for new entrants only an upfront payment with a ceiling.  Opening of an Explorationcumproduction regime for partially explored blocks  Earlier only auction of fully explored coal blocks was permitted post reforms even partially> explored blocks will be auctioned.  Private sector participation in exploration has also been allowed chemistry today magazine buy.

chemistry today magazine