Putting to end the uncertainty on coal mining in the country, the Centre on Monday decided to promulgate an Ordinance to allow e-auction of blocks to the end users.
The end users in round one of the auctions will be power, steel and cement. But the Government has also left an enabling provision in the Ordinance by which it can decide on additional commercial use at a later date.
The Supreme Court judgment of September 24, cancelling all coal block allocations between 1993 and 2010, which will lead to complete de-allocation of 204 blocks by March 31, 2015, had left the Government with little time to put in place a foolproof system.
“The will clear the problem created by coal blocks being allocated through a screening committee mechanism.
“The Ordinance will also resolve the pending issues arising out of the Supreme Court judgment quashing the previous coal block allocations. The Ordinance will be sent to President Pranab Mukherjee tonight. But the Coal Mines Nationalisation Act remains intact,” said Finance Minister Arun Jaitley, briefing presspersons after a Cabinet meeting in New Delhi.
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