Clearing the dirt on coal

In his Budget speech on Thursday, the Union finance minister P Chidambaram did well to indicate that imports of coal into India were soaring and could reach a staggering 185 million tonnes in the next three years. To check such growing dependence and augment domestic production, he mentioned that the government was evolving a framework for public-private participation with Coal India Ltd—the government-owned monopoly with exclusive powers to mine and market coal.

Read Full Story>>