India sets up nonstatutory coal sector regulator
KOLKATA (miningweekly.com) - India on Thursday established a coal sector regulator through an executive order rather than legislation, restricting its powers to advisory rather than legal authority.
The government was compelled in this direction as the Coal Regulatory Authority (CRA) Bill could not be placed before the current session of Parliament, the last of the present government, before the country goes for national elections.
The new regulator was set up, following a decision by the Cabinet Committee for Economic Affairs, as a nonstatutory body and no clarification was provided by the government on the fate of the CRA Bill.
Unofficially, a Coal Ministry official said that the Bill would not be left for the government elected during national elections scheduled to take place in two to three months.
The coal mining regulatory body, in the making throughout last year, would be purely advisory since its creation was not backed by any legislation of Parliament and, therefore, would not have any mandatory powers over pricing or adjudicating disputes between producers and consumers, including the quality of coal supplied.
The regulatory body, in its new form, would have advisory authority over the standards of mining operations, production efficiencies, terms and conditions granted by the government in opening new mines, and methodologies for determining prices, and would not have powers to settle pricing disputes.
Coal India Limited, accounting for over 80% of domestic coal supplies, would continue to set benchmark domestic prices of coal, while the government would have sole authority in determining the allocation of acreage for mining.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
