January 12, 2025 08:46 pm (IST)
No plan to set up independent pricing authority for coal: Goyal
New Delhi, July 7 (IBNS): Minister of state for Power, Coal & New and Renewable Energy on Monday said the government has no plans to set up an independent pricing authority for coal.
This was stated by Goyal in a written reply to a question in the Rajya Sabha on Monday.
Giving reasons, the Minister stated that the pricing of coal has been fully deregulated by the government vide the Colliery Control Order, 2000 dated January 1, 2000 in supersession of the Colliery Control Order, 1945.
Under the said order, the coal companies themselves fix the coal price based on input costs, inflation index, market trends etc. and notify the same periodically, the Minister added.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
India develops world's most powerful hydrogen train engine, says Minister Ashwini Vaishnaw
Sun, Jan 12 2025
Prime Minister Narendra Modi to attend major AI event in France next month, says President Macron
Sun, Jan 12 2025
Bharatiya Janata Party alleges 2 AAP MLAs prepared fake Aadhar cards for Bangladeshi infiltrators
Sun, Jan 12 2025
Kejriwal accuses BJP of planning slum demolitions, responds to Amit Shah’s criticism
Sun, Jan 12 2025
PM Modi pays tribute to Swami Vivekananda, says he is an eternal inspiration for youths
Sun, Jan 12 2025