Why treat iron ore differently from coal?

  • 17/02/2010

  • Financial Express (New Delhi)

Noor Mohammad : The Indian government has recently approved the auction of coal blocks for captive use. The bill is likely to be placed in Parliament in the upcoming budget session, proposing amendments to the Mines and Minerals (Development and Regulation) Act, 1957. This is a welcome move as it will bring objectivity and transparency in allocation of the coal resources. Besides, it will also help the central and state governments optimise their revenues. The question is why the government doesn