Monday, November 28, 2011

Coal Regulatory Authority for Coal Sector

The Government proposes to set up a Coal Regulatory Authority for coal sector. In thisregard, a draft Cabinet Note along with draft Bill, 2010 on setting up of a Coal Regulatory Authority was circulated to various Ministries/Departments for their comments. The comments of concerned Ministries/Departments have been received. However, it was noticed that some major changes/suggestions have been made by various Ministries/Departments. At present, suitable incorporation of these changes/suggestions is being examined in consultation with the Ministry of Law. Once finalized the draft Bill would be submitted for the approval of the competent authority. This was informed by Shri Pratik Prakashbapu Patil , Minister of state in the Ministry of Coal while replying a written question in Rajya Sabha today.

Setting up of a regulatory Authority for coal would require appropriate legislation to be passed by the Parliament. Hence, it may not be possible to indicate the exact time frame for setting up the said authority.

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