Cabinet OK’s one-time window to PSUs to surrender non-operational coal mines

Union Cabinet on Friday approved a proposal to provide a one-time window to public sector undertakings to surrender coal mines that are not in operations without any penalty. Briefing media, Information and Broadcasting Minister Anurag Thakur said Cabinet also approved continuation of the Atal Innovation Mission (AIM) till March 2023.

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved the proposal during its meeting on Friday, the Coal Ministry said in a statement.

The CCEA “has approved the Ministry of Coal’s proposal for providing a one-time window to the Central and State PSUs to surrender non-operational mines without penalty (forfeiture of bank guarantee) and without citing any reason,” the statement said.