New Delhi: The Union Cabinet on Friday approved a policy that would allow firms run by the central or state governments to surrender non-operational mines without any penalty, thereby helping the country boost production. Auction will be allowed.
In a statement, the government said the companies would be able to surrender the mines in a lump sum within a period of three months without forfeiting the bank guarantee.
73. over 60% of coal mines Those allotted to state firms were non-operational as of December 2021, of which 19 did not have a deadline to start production.
The government said, “The delay.. was due to law and order issues, increase in the area of forest as announced earlier, resistance of landholders against land acquisition.”
In a statement, the government said the companies would be able to surrender the mines in a lump sum within a period of three months without forfeiting the bank guarantee.
73. over 60% of coal mines Those allotted to state firms were non-operational as of December 2021, of which 19 did not have a deadline to start production.
The government said, “The delay.. was due to law and order issues, increase in the area of forest as announced earlier, resistance of landholders against land acquisition.”