Reforms in the coal and mining industries enhanced earnings and output, according to Minister Pralhad Joshi

8 Jun 2023 , 10:25 AM

According to Union Minister Pralhad Joshi, the government’s reforms in the mining and coal industries have enhanced state income and greatly increased the production of coal and other minerals. 

The minister made the comments in the nation’s capital during a symposium on the ‘Achievements of Coal and Mines Ministry.’

The whole coal and mining sector has undergone numerous reforms over the past nine years of the Modi administration. The nation is advancing towards Atmanirbharta. The first-come, first-served system was completely eliminated starting in 2014, and a transparent auction regime was put into place. As a result, the state received enormous money from the coal and mining sectors, according to the minister of coal and mines.

The minister gave instances, stating that Odisha’s earnings from coal and other minerals increased many times, from Rs 5,000 crore in 2015–16 to Rs 50,000 crore in 2021–22.

In order to increase player participation in the mining industry, the government enacted changes to the Mines and Minerals (Regulation and Development) Amendment Act.

According to him, 106 coal mines were put up for auction in the seventh round of coal auctions, of which 45 mines and 61 blocks had been extensively investigated.

In the most recent round of auction, up to 95 non-coking coal mines, 10 lignite mines, and one coking coal mine are being sold.

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