PM launches Auction process of Coal blocks for Commercial mining

Prime Minister Modi has launched the auction process of 41 coal blocks for commercial mining through video conference. It was part of the series of announcements made by the Government of India, under the AatmaNirbhar Bharat Abhiyan.

Daily Current Affairs Quiz 2020

Key-Points

The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for allocation of the coal mines.

India will overcome the COVID -19 Pandemic and the nation will turn this crisis into an opportunity and this crisis has taught India the lesson of becoming AatmaNirbhar or Self-Reliant.

With the world’s fourth largest coal reserve and being the second largest producer, irony of India is also the second largest coal importer.

Coal sector reforms will make eastern and central India, tribal belt in pillars of development.

According to PM report Self-reliance is not possible without a strong mining and mineral sector.

Government has set a target to gasify around 100-million-ton coal by the year 2030 and four projects have been identified for this purpose and around 20 thousand crore rupees will be invested.

16 aspirational districts in the country have a huge stock of coal but people of these areas have not got adequate benefit of this. People from these places have to migrate to far-flung cities for employment.

Government has taken a decision to spend 50 thousand crore rupees on creating infrastructure for coal extraction and transportation, which will also create employment opportunities.