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Cabinet backs policy to allow firms to forfeit inactive coal mines – Times of India


NEW DELHI: The Union Cabinet on Friday authorised a policy that may let firms run by the Central or state governments to give up non-operational mines with out penalty, in a transfer that will allow the nation to public sale them off to assist increase output.
Companies will probably be ready to give up the mines with out forfeiting financial institution ensures underneath a one-time three-month window, the federal government stated in an announcement.
More than 60% of the 73 coal mines allotted to state firms have been non-operational as of December 2021, with 19 of these lacking deadlines to begin manufacturing.
“Delays were due to .. law and order issues, enhancement in the area of forest from what was declared earlier, resistance of landholders against land acquisition,” the federal government stated.





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