PM Narendra Modi launches Auction process of Coal blocks for Commercial mining: Highlights Summary

PM Narendra Modi launches Auction process of Coal blocks for Commercial mining: Highlights Summary
PM Narendra Modi launches Auction process of Coal blocks for Commercial mining: Highlights Summary 

PM Narendra Modi launches Auction process of Coal blocks for Commercial mining: Highlights Summary 

Prime Minister Narendra Modi launched the auction process of 41 coal blocks for commercial mining through video conference from New Delhi. It was part of the series of announcements made by the Government of India, under the Aatma Nirbhar Bharat Abhiyan. The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for allocation of the coal mines.

Highlights Summary: 

  1. India has taken a major decision to fully open the coal and mining sectors for competition, capital, participation and technology: PM Modi
  2. Coal sector reforms will make eastern and central India, our tribal belt in, pillars of development: PM Modi
  3. Self-reliance is not possible without a strong mining and mineral sector: PM Modi
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