Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

100% FDI in Coal Mining to Create Direct and Indirect Employment, Says Union Minister Joshi

Union Minister Joshi said that the reform is expected to bring state-of-the-art coal mining technology to the country which will help in environmentally sustainable mining.

PTI

Updated:August 29, 2019, 7:02 PM IST
facebookTwitterskypewhatsapp
100% FDI in Coal Mining to Create Direct and Indirect Employment, Says Union Minister Joshi
Union Minister Joshi said that the reform is expected to bring state-of-the-art coal mining technology to the country which will help in environmentally sustainable mining.
Loading...

New Delhi: Terming 100 percent FDI in coal mining "the biggest reform" of BJP government, Coal Minister Pralhad Joshi on Thursday said the move will set up an efficient and competitive coal market in India and create direct and indirect employment in coal-bearing areas.

On Wednesday, the government allowed 100 per cent foreign investment in coal mining and contract manufacturing.

"This is the biggest reform of our times and the influx of international players will create an efficient and competitive coal market in India. It is expected to bring state-of-the-art coal mining technology to the country which will help in environmentally sustainable mining," Joshi said.

The decision will also create direct and indirect employment in coal-bearing areas and will have a positive impact in the economic development of these regions, he said.

The reform is likely to help the coal-bearing states get more revenue and bring in more players to create an efficient and competitive coal market.

"The decision of 100 percent FDI under automatic route for coal mining activities including associated processing, infrastructure in the coal sector is the biggest reform by Modi government which will help provide power to all 24x7," he said.

Terming the measure part of ease-of-doing-business, he said it will provide impetus to the economy.

Joshi reiterated that this step will also lead to energy security of the country as 70 percent of India's electricity is generated from thermal power plants.

Commerce Minister Piyush Goyal on Wednesday said 100 percent FDI under automatic route in coal mining and sale of coal as also associated infrastructure activity has been allowed to help attract international players to create an efficient and competitive coal market.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results