Press Esc to close
Sunday 23 July 2017
News updated at 10:44 AM IST

GoM meeting on draft coal regulator Bill inconclusive

New Delhi, Apr 10, 2013 (PTI): 0:33 IST
The inter-ministerial panel on the draft coal regulator Bill, which seeks to set up a regulatory authority for the coal sector, will meet again after today's meeting remained inconclusive.

The Group of Ministers (GoM) is headed by Finance Minister P Chidambaram.

"We discussed the Coal Regulator bill but we are yet to arrive at any result. There will be one more meeting, dates (for that meeting) will be decided by the Chairman of the GoM," Coal Minister Sriprakash Jaiswal told reporters here after the meeting.

Power Minister Jyotiraditya Scindia, who is also a member of the GoM, said that some more clauses may get inserted in the proposed Bill and thereafter a final draft of the Bill will be presented to the GoM for approval.

"Important facts have been discussed, we will put 3-4 more clauses and in the next week or ten days Planning Commission, Power and Coal Ministries will meet and prepare the final draft to be presented to the GoM," he said.

In January, the government had said that it would soon appoint a coal regulator to monitor the fuel pricing, sampling and other practices in the sector.

The setting up of an independent regulator for the coal sector is considered important for fixing guidelines for price revision, improving the competitiveness in e-auctions, setting trading margins and increasing transparency in the allocation of reserves.

Earlier, the Cabinet had discussed the proposal for a coal sector regulator and asked the GoM to make recommendations on its powers and functions.

The GoM on draft coal regulator Bill comprises Finance Minister, Coal Minister, Environment Minister Jayanthi Natarajan, Planning Commission Deputy Chairman Montek Singh Ahluwalia, and Power Minister Jyotiraditya Scindia, among others.

Go to Top

Photo Gallery
Women sizing up a painting put on display as part of an art exhibition against communalism...

Women sizing up a painting put on display as part of an art exhibition against communalism...

Full dress rehearsal of oath taking ceremony of President-elect Ram Nath Kovind...

Full dress rehearsal of oath taking ceremony of President-elect Ram Nath Kovind...

A green parrot nestled in a tree hollow, in Chennai...

A green parrot nestled in a tree hollow, in Chennai...

A Hindu devotee offering snake in Burhi Gandak river, on the eve of Sawan Amavasya...

A Hindu devotee offering snake in Burhi Gandak river, on the eve of Sawan Amavasya...

A peacock butterfly can be seen sitting inside a sunflower near Celle, Germany...

A peacock butterfly can be seen sitting inside a sunflower near Celle, Germany...

Kawad yatri waiting for their turn in a queue outside a Shiv temple in Meerut...

Kawad yatri waiting for their turn in a queue outside a Shiv temple in Meerut...

A farmer ploughs his paddy field during monsoon session at a village near Balurghat in South...

A farmer ploughs his paddy field during monsoon session at a village near Balurghat in South...

Chennaiyin FC Co-owner and actor Abhishek Bachchan reacts during a press conference...

Chennaiyin FC Co-owner and actor Abhishek Bachchan reacts during a press conference...

Exile Tibetans hold posters of the late Nobel laureate Xiaobo Liu during a prayer service...

Exile Tibetans hold posters of the late Nobel laureate Xiaobo Liu during a prayer service...

Temples submerged in flooded waters of Narmada river at Gwarighat in Jabalpur...

Temples submerged in flooded waters of Narmada river at Gwarighat in Jabalpur...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.