COAL & MINES

Eye on investments & jobs, PM pushes coal, mining reforms

PM Narendra Modi on Thursday asked coal and mines ministries to roll out the next wave of reforms for attracting big-ticket investments, domestic processing of minerals and substituting imported thermal coal with inventory of domestic output for building self-reliance in these areas.

A government statement said the PM asked the top brass from both the ministries to reform the structure for auctioning mines and put in place efficient institutional arrangements to ensure wider participation from the private sector in exploration and mining.

The PM’s stress on moving towards self-reliance and investments comes in the backdrop of the government drawing up a blueprint to kickstart economic activities and generate employment once the country comes out of the anti-coronavirus lockdown.

Source
Times Of India
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