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Reforms essential in coal and rail sectors for India's Energy Future
The Business Guardian
|June 22, 2023
The Narendra Modi government has been dedicated to implementing reforms in the coal and power sectors, focusing on modernizing rail logistics and ensuring fair-trade practices. Looking ahead to the possibility of Modi’s third term in 2024, it is crucial to bring coal and rail under a regulatory framework similar to the electricity sector
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This would involve splitting Coal India (CIL) into several strong mining entities to promote competition and efficiency.
A recent Supreme Court judgment highlighted the need for fair-trade practices in the coal sector. The court ruling stemmed from a 2013 verdict by the Competition Commission of India (CCI), which accused CIL and its subsidiaries of misusing their market dominance by imposing unfair conditions for the sale of fuel to the power sector. Although the fine imposed by the CCI was reduced, it signalled the end of legal impunity enjoyed by CIL under the Nationalization Act.
This story is from the June 22, 2023 edition of The Business Guardian.
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