Govt issues draft rules to permit proposed CCO to regulate coal exchange

The government has come out with draft rules to form an organisation to regulate the functioning of the proposed coal exchange that will facilitate the trading of coal as a commodity.

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The proposed Coal Controller Organisation (CCO) will be a subordinate office of the coal ministry. Its responsibilities include coal mine closure activities to ensure environmental sustainability, collecting and disseminating coal statistics, inspecting collieries, issuing directives on coal grades, and acting as an appellate authority for grade-related disputes.