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Cabinet Approves Commercial Coal Mining Policy, Auctions to be Held Soon on Revenue Sharing Basis
May 20, 2020 | By News18.com
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The methodology is oriented to make maximum coal available in the market at the earliest and it also enables adequate competition which will allow discovery of market prices for the blocks, the government said.
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India will soon begin auction of coal blocks for commercial mining as the Union cabinet led by Prime Minsiter Narendra Modi on Wednesday approved the methodology that puts an end to the monopoly of state-run Coal India. The Cabinet Committee on Economic Affa
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