Aimed at attracting global players in the domestic coal sector and reduce the imports of dry fuel, the Union Cabinet on Wednesday approved the Ordinance to amend the laws to ease mining laws.
The Cabinet headed by Prime Minister Narendra Modi approved the promulgation of Mineral Laws (Amendment) Ordinance 2020. The Ordinance will amend Mines and Minerals (Development and Regulation) Act 1957 and Coal Mines (Special Provisions) Act 2015.
The ordinance will do away with end-user restrictions and allow sectors other than power and steel to participate in coal mine auctions, Coal Minister Pralhad Joshi told reporters after the cabinet meeting.
