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Coal: Recent developments

Indian coal mining scam - 17 coal blocks falling in forests

Summary: The government of India had decided to auction number of coal blocks in areas with dense forest land with some blocks earlier falling under the category of no-go. Some of the blocks are also close to national parks and sancturies.  This news is based on a study by Green Peace which assessed the overlap of biodiversity and forest areas with coal blocks.

Link:http://www.coalguru.com/india/indian_coal_mining_scam_17_coal_blocks_falling_in_forests/9232

 

If bank money is stuck in projects, we need to speed up clearances: Prakash Jaiswal

Summary : The Coal Minister Shri Prakash Jaiswal in an interview discusses the issues with Coal India, insufficient production from captive coal, role of the coal regulator and the recent ‘coal scam’ in the country

Link: http://www.business-standard.com/article/economy-policy/if-bank-money-is...

 

Indian coal mining scam - Here’s how to properly read the scam story

Summar : State monopoly in coal leading to shortages and repressed pricing at a discount to imported coal are seen as reasons encouraging scams in the country. Auctioning of coal blocks to whoever offers the highest lease rental/royalty/revenue share is seen as the solution

Link:http://www.coalguru.com/india/indian_coal_mining_scam_here_s_how_to_properly_read_the_scam_story/9479

 

Link coal mining payout to royalty, not profits: panel

Summary: A parliamentary panel has recommended an overhaul of the compensation mechanism for people displaced and otherwise affected by coal mining operations by linking it to royalty payouts.If the recommendation is accepted, coal miners will have to pay the displaced people compensation equal to the royalty they pay the government

Link: http://www.livemint.com/Politics/NVcCXZFMReDcQCjAVQAvDP/Link-coal-mining-payout-to-royalty-not-profits-panel.html