What is the significance of India’s Coal Mines Bill, promulgated in 2015?


The Coal Mines (Special Provisions) Bill, promulgated in May of 2015 allows for the e-auction of coal blocks. Whoever wins the bid at these e-auctions, is given the title, rights, and interest over the land, and mining infrastructure that is in place.  The goal of the Coal Mines Bill is to develop the resource-rich eastern territories of India.  While these auctions currently take place solely in the public sector, it is expected that in time the government will allow private companies to mine commercially.


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