Coal Mines Bill introduced in LS; TMC, Left object

Coal Minister Piyush Goyal said the bill did not seek de-nationalisation of coal mines.

December 10, 2014 03:37 pm | Updated November 16, 2021 04:51 pm IST - New Delhi

A bill seeking to replace the coal blocks allocation ordinance that unveiled the NDA government’s ambitious coal sector reforms was introduced in the Lok Sabha on Wednesday, amid strong objections from the TMC and the Left parties.

The Coal Mines (Special Provisions) Bill 2014 was introduced by Coal Minister Piyush Goyal, who insisted that the bill did not seek de-nationalisation of coal mines.

The bill was opposed at the admission stage itself by Saugata Roy (TMC) who said it was aimed at de-nationalisation of coal mines, which were nationalised way back in 1973.

Supported by the Left parties, he said the legislation nullified the Coal Mines Nationalisation Act of 1973 and allowed “total exploitation” of the mines and the people of the country.

>The Minister said the bill had been brought in the wake of the Supreme Court decision cancelling 204 coal blocks on September 24 an d resetting the agenda of coal block allocation, cancelling the allocation of these blocks.

He said the step was taken by the government to avert a crisis in power generation and rendering lakhs of workers jobless. Thousands of crores of bank funds would also have turned into “stressed assets” or NPAs.

Therefore, the government promulgated Coal Mines (Special Provisions) Ordinance, 2014 in October to facilitate auctioning of the cancelled coal blocks. “The bill does not seek to de-nationalise coal mines,” Mr. Goyal said in response to the charge made by Mr. Roy and Left members.

The Statement of Objects and Reasons of the bill said it provided for allocation of coal mines and vesting of the right, title and interest in and over the land and mine infrastructure, together with mining leases, to successful bidders and allottees through a transparent bidding process.

This will ensure continuity in coal mining operations and production of coal. The bill prescribes the conditions to rationalise the coal sector for mining operations, consumption and sale, it said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.