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Need to ensure that the sanctity of the IBC process is followed, says Piyush Goyal

Updated : June 14, 2018 10:51 AM IST

Union minister Piyush Goyal shared his views on the state of the Indian economy and said the government needed to ensure the sanctity of the IBC process was followed.

Goyal, who runs the coal and railway ministries said different proposals were underway with respect to mines auctioning, and added the banking secretary would be meeting all stakeholders.

The government was looking at opening auctions of coal mines  to the steel and power sectors, and that a robust framework was being worked out for commercial mining.

On power sector he said, "within that framework, if there is a way to work with the power sector players and the bankers in consultation and under the advice and guidance of the RBI, we will try to find a solution in the best interest of the country."

Read More: Government looking at opening coal auctions to steel, power sectors, says Piyush Goyal
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