Coal ministry mulls scheme to allow coal block owners to surrender mines
The Hindu
Coal blocks surrendered under this scheme will immediately be offered for auction for commercial mining
The Coal Ministry is planning to come up with a scheme to permit coal block allottees to surrender mines that they are not in a position to develop due to technical reasons.
The proposed scheme will allow surrender of coal blocks without imposition of financial penalty or penalty on merit basis after examining the proposal by a scrutiny committee.
"To expedite production from allocated coal blocks and for ease of doing business, a scheme will be prepared to allow surrender of coal blocks to those allocattees where present allocattee is not in a position to develop the coal block due to technical reasons," states the Coal Ministry's agenda for 2021-22.
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