Coal FDI protest

Mamata Banerjee on Friday wrote to Prime Minister Narendra Modi, registering her protest against the Centre’s policy to allow 100 per cent Foreign Direct Investment (FDI) in the coal mining sector.

In her letter, the Bengal chief minister said the decision would neither bring FDI nor new technologies to the country and requested Modi to reconsider the decision.

While mentioning coal is the country’s pride, the chief minister pointed out that Coal India Limited (CIL), the world’s largest coal mining company, had made a profit of Rs 27,000 crore in 2018-19 and held a reserve of Rs 31,000 crore.

Mamata stressed that the FDI decision would demean the company’s capability.