Parliament passes Coal Mines (Special Provisions) Bill, 2015

Parliament passes Coal Mines (Special Provisions) Bill, 2015

Parliament has passed Coal Mines (Special Provisions) Bill, 2015. It was first passed in Lok Sabha on 4 March 2015 and later in Rajya Sabha on 20 March 2015.
This bill will replace the Coal Mines (Special Provisions) second ordinance, 2014.
Key highlights of Bill

  • The bill has provisions for allocation of coal mines through a transparent bidding process i.e e-auction.
  • The e-auction of coal blocks will ensure the continuity in coal mining operations and promoting optimum utilization of coal resources.
  • The bill also facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central Public Sector Undertakings (PSUs).
  • It has provisions that propose strong measures for rehabilitation and compensation for displaced persons.
  • The bill also provides for vesting of the right, title and interest over the land and mine infrastructure together with mining leases to successful bidders.
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