Sunday, June 28, 2020
By Gladson Dungdung*
On June 18, 2020, the Government of India initiated the process for auctioning 41 coal blocks for commercialisation. These coal blocks are located in different states within India and most of them fall under Fifth Schedule areas. The Indian government claims that their decision to auction these coal areas is a big step towards making the country Atmanirbhar Bharat (self-reliant) in the energy sector.
The government envisages an investment of 33,000 crore, which would create 2.8 lakh jobs including 70,000 direct and 2,10,000 indirect jobs. Presently, India produces 60.40 million tons of coal per annum (2018-19), and the new initiates would be adding 15 percent to it.Read more