Press Esc to close

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

More from this section
Photo Gallery
Cricket icon Sachin Tendulkar met members of the Indian Womens cricket team at the MCA BKC...

Cricket icon Sachin Tendulkar met members of the Indian Womens cricket team at the MCA BKC...

Union Minister of Commerce and Industry, Suresh Prabhu joins hands with ASEAN Ministers...

Union Minister of Commerce and Industry, Suresh Prabhu joins hands with ASEAN Ministers...

Karni Sena activists demonstrate against the release of Padmaavat, in Bhopal...

Karni Sena activists demonstrate against the release of Padmaavat, in Bhopal...

The tableau of Gujarat for the Republic Day parade, during a press preview in New Delhi...

The tableau of Gujarat for the Republic Day parade, during a press preview in New Delhi...

An artist of J & K tableau for the Republic Day parade, during a press preview in New Delhi...

An artist of J & K tableau for the Republic Day parade, during a press preview in New Delhi...

Jana Sena Party chief and actor Pawan Kalyan offers sweets to his wife Anna Lezhneva before...

Jana Sena Party chief and actor Pawan Kalyan offers sweets to his wife Anna Lezhneva before...

The tableau of Maharashtra for the Republic Day parade, during a press preview in New Delhi...

The tableau of Maharashtra for the Republic Day parade, during a press preview in New Delhi...

A woman shows the damage at her house after heavy shelling from the Pakistani side of the...

A woman shows the damage at her house after heavy shelling from the Pakistani side of the...

School students wear the customary yellow dress for Basant Panchami ...

School students wear the customary yellow dress for Basant Panchami ...

Police personnel guard as Buddhist monks wait at the entrance gate to enter Mahabodhi temple...

Police personnel guard as Buddhist monks wait at the entrance gate to enter Mahabodhi temple...

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.