Tag: Coal Ministry

Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees

July 2, 2026 admin

Image for representational purposes only. | Photo Credit: The Hindu Coal Ministry on Thursday (July 2, 2026) allowed entities-accorded coal blocks to use insurance surety bonds (ISBs) instead of performance bank guarantees (PBGs) to fulfil their obligations for performance surety. “The measure is expected to ease the financial burden associated with conventional bank guarantee arrangements…

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Coal Ministry launch 15th round of commercial mine auctions

April 17, 2026 admin

The newer mines being put for auction in the latest round are spread across Jharkhand, Chhattisgarh, Odisha, Madhya Pradesh and Telangana. The Ministry of Coal on Friday (April 17, 2026) launched the 15th round of Commercial Coal Mine auctions in Mumbai. A total of eleven blocks is being offered in the latest round, of which…

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Coal Ministry notifies rules doing away with CCO nod for opening, restarting coal mines

December 26, 2025 admin

Image used for representation purpose only. Seeking to improve efficiency in the approval process towards accelerating coal production, the government on Friday notified rules that does away with the Coal Controller Organisation’s (CCO) nod for opening a coal mine, individual seams or sections of a seam. The notified amendment to the provisions entrusts the board…

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Coal Ministry to launch 14th Round of commercial coal mines auction on October 29

October 28, 2025 admin

Coal Ministry would be launching the fourteenth round of commercial coal mine auctions Wednesday (October 29, 2025). Other than offering a fresh set of fully and partially explored blocks for auction, the latest round would be for the first time introducing provisions for underground coal gasification (UGC) within the framework. UGC as a method of…

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Coal Ministry proposes replacing current Provident Fund Act for mine workers, aligning with present scenario

October 8, 2025 admin

Representational file image. | Photo Credit: Reuters Seeking to advance social security laws and adjusting them to “current scenario and circumstances”, the Ministry of Coal Tuesday floated a draft consultation to repeal the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948. The proposed legislation, standing as a bill at present, intends to obviate the…

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Govt. panel backs higher carbon tax on coal imports

March 8, 2024 admin

A panel of officials from Indian Ministries has called for a bigger carbon tax on higher quality imported coal while cutting rates for domestic coal, in a bid to slash shipments of the polluting fuel, the Coal Ministry said on Thursday. Coal is among India’s top five commodity imports by value. Despite surging local output,…

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