<p>To check irregularities in allocation and distribution of coal blocks, the government on Thursday approved setting up of a coal regulator. The regulator for which the Cabinet Committee on Economic Affairs gave a nod, will be set up by an executive order after a notification issued by the government.<br /><br /></p>.<p>The non-statutory regulator will look into pricing, grading, specify procedure for automatic coal sampling and also adjudicate upon disputes between parties.<br /><br />Coal Minister Sriprakash Jaiswal had earlier informed Parliament that a non-statutory regulator for the coal sector will be set up through an executive order as enacting a legislation on the subject will take some time. A regulator for coal sector is an important development for power and mining companies, who will get an assured supply of coal.<br /><br />The latest tussle between NTPC and Coal India, was when the country’s largest power generation utility and the world’s biggest coal miner sparred over Rs 2,000 crore payment impasse.<br /></p>
<p>To check irregularities in allocation and distribution of coal blocks, the government on Thursday approved setting up of a coal regulator. The regulator for which the Cabinet Committee on Economic Affairs gave a nod, will be set up by an executive order after a notification issued by the government.<br /><br /></p>.<p>The non-statutory regulator will look into pricing, grading, specify procedure for automatic coal sampling and also adjudicate upon disputes between parties.<br /><br />Coal Minister Sriprakash Jaiswal had earlier informed Parliament that a non-statutory regulator for the coal sector will be set up through an executive order as enacting a legislation on the subject will take some time. A regulator for coal sector is an important development for power and mining companies, who will get an assured supply of coal.<br /><br />The latest tussle between NTPC and Coal India, was when the country’s largest power generation utility and the world’s biggest coal miner sparred over Rs 2,000 crore payment impasse.<br /></p>