The government plans to empower the regulator being set up for the coal sector with the authority to decide pricing. The proposal, if implemented, would deprive state-owned Coal India (CIL) the freedom it currently enjoys in fixing and revising prices of its output.
“The regulator’s primary function would be to set the prices of raw coal. A note on the Coal regulatory Authority Bill, 2010, has been sent to the Cabinet,” said a senior coal ministry official. He, however, added the authority would not have the power to grant or cancel mining licences.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/coal-regulator-have-pricing-power
[2] http://admin.indiaenvironmentportal.org.in/category/author/sudheer-pal-singh
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal-india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-coal
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/planning-commission
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy