Open up the coal sector

The CAG report on coal block allocations offers the perfect opportunity for the government to examine whether the public sector Coal India Limited’s (CIL) monopoly is serving any useful purpose. And since the opposition is up in arms over the coal ‘scam’, this is a good time to get them to put their money where their mouth is—it was because CIL couldn’t produce enough coal that you had the captive allocation of mines policy, so the ideal solution is to remove the shortage by repealing the Coal Mines (Nationalisation) Act, 1973, and allowing private sector players.

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