Lok Sabha passes bill on coal block allocations
December 12, 2014  17:23
Lok Sabha today passed a bill which provides for fresh auction of 204 coal blocks de-allocated by the Supreme Court in September with the government allaying apprehensions of some parties that the legislation would lead to privatisation of the sector.

The Coal Mines (Special Provisions) Bill, which replaces and ordinance promulgated in October, was passed by voice vote overcoming demands by some opposition parties it be sent to the Parliamentary Standing Committee for closer scrutiny.

The Bill provides for "allocation of coal mines and vesting of the right, title and interest in and over the land and mine infrastructure, together with mining leases, to successful bidders and allottees through a transparent bidding process.
« Back to LIVE

TOP STORIES