Press Esc to close
Tuesday 19 September 2017
News updated at 8:31 PM 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
This Monday, Sept. 18, 2017, GOES East satellite image provided by NASA taken at 23:15 UTC, shows...

This Monday, Sept. 18, 2017, GOES East satellite image provided by NASA taken at 23:15 UTC, shows...

Devotees perform traditional Hindu ritual of 'tarpan' on the banks of River Ganga near the Howrah...

Devotees perform traditional Hindu ritual of 'tarpan' on the banks of River Ganga near the Howrah...

A top view during the unveiling of a kilometer long street 'Alpona' (sacred art painting) to...

A top view during the unveiling of a kilometer long street 'Alpona' (sacred art painting) to...

The mortal remains of Marshal of the Indian Air Force Arjan Singh being taken on a gun carriage...

The mortal remains of Marshal of the Indian Air Force Arjan Singh being taken on a gun carriage...

In this undated file photo distributed on Saturday, Sept. 16, 2017, by the North Korean government..

In this undated file photo distributed on Saturday, Sept. 16, 2017, by the North Korean government..

Anganwadi workers raise slogans during a protest over their various demands in Srinagar on Monday.

Anganwadi workers raise slogans during a protest over their various demands in Srinagar on Monday.

Models from 42 countries participating in the Face of Beauty International 2017 contest, pose...

Models from 42 countries participating in the Face of Beauty International 2017 contest, pose...

Models from 42 countries participating in the Face of Beauty International 2017 contest, pose...

Models from 42 countries participating in the Face of Beauty International 2017 contest, pose...

Flooding around the Aluva Siva Temple in Kochi on Monday, as heavy rain continues to lash...

Flooding around the Aluva Siva Temple in Kochi on Monday, as heavy rain continues to lash...

BJP National President Amit Shah outside a court in Ahmedabad on Monday to depose as defence...

BJP National President Amit Shah outside a court in Ahmedabad on Monday to depose as defence...

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.