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Lok Sabha passed Coal Mines (Special Provisions) Bill, 2015

Mar 5, 2015 12:03 IST

Lok Sabha on 4 March 2015 passed the Coal Mines (Special Provisions) Bill, 2015 by voice vote. This bill will replace the Coal Mines (Special Provisions) second ordinance, 2014.

Provisions of the Bill
• It has provisions for allocation of coal mines through a transparent bidding process like e-auction that will ensure the continuity in coal mining operations.
• It facilitates e-auction of coal blocks for private companies for captive use and allots mines directly to state and central Public Sector Undertakings (PSUs).
• It provides for vesting of the right, title and interest in and over the land and mine infrastructure together with mining leases to successful bidders.
• It proposes strong measures for rehabilitation and compensation for farmers who are displaced.

Is this article important for exams ? Yes35 People Agreed
Read more Current Affairs on: Coal Mines (Special Provisions) Bill , 2015

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