The government on Friday said it has 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.
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.
