Why in news?
Prime Minister Shri Narendra Modi launched the auction process of 41 coal blocks for commercial.
Highlights:
1. It was part of the series of announcements made by the Government of India, under the AatmaNirbhar Bharat Abhiyan.
2. The Coal Ministry in association with FICCI launched the process for auction of these coal mines.
3. A two stage electronic auction process is being adopted for allocation of the coal mines.
4. Now the market has been opened for coal, so, any sector can buy coal as per their requirements.
5. Reforms will not only benefit the coal sector but other sectors such as Steel, Aluminium, Fertilizers and Cement as well. It will also help in increasing the power generation.
Source :- PIB
