JOIN USThe government decision to set up a coal regulator will go a long way to clean the muck that has cropped up in this crucial and controlled sector as it can help making the sector more competitive, where private participation is growing, says PwC.
Commenting on the proposed coal regulator, Kameswara Rao, energy utilities and mining leader at PwC India said, "The decision to set up a Coal Regulatory Authority (CRA) is significant as it institutionalises a number of issues currently dealt with by the government.“The move will help in transitioning the sector to a more competitive structure where the level of private participation is growing.”
Last evening, the Cabinet decided to set up an independent regulator for the much-criticised coal sector to plug the loopholes in the sector, apart from help conserve the resource and help chart a methodology for fixing prices.