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Economy

Government to allow captive mines to sell coal in open market

Updated : February 19, 2019 09:58 PM IST

The move seeks to "increase competitiveness" and address a tepid response to captive coal mine auctions, and would lead to higher revenue for the government, the government said in a statement.
The move comes months after India's cabinet approved a commercial coal mining policy, which enables companies to bid for mines from which they can sell all the coal in the open market.
Government to allow captive mines to sell coal in open market
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