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Nirmala Sitharaman Office Profile picture
Nirmala Sitharaman Office
@nsitharamanoffc
Office of Smt. @nsitharaman; Minister of Finance and Corporate Affairs, MP (RS) representing Karnataka

May 16, 2020, 6 tweets

Coal is a government monopoly. That monopoly is what is being removed. Government will introduce competition, transparency and private sector participation in the coal sector: Smt @nsitharaman #AatmaNirbharEconomy

Entry norms will be liberalised. Nearly 50 blocks to be offered immediately. No eligibility conditions, only upfront payment with a ceiling: Smt @nsitharaman #AatmaNirbharEconomy

Coal Gasification/Liquefaction will be incentivised through rebate in revenue share. Will result in significantly lower environment impact. Will assist India in switching to a gas-based economy: Smt @nsitharaman #AatmaNirbharEconomy

Infrastructure development of Rs. 50,000 crore will be done in the coal sector: Smt @nsitharaman #AatmaNirbharEconomy

Coal Bed Methane (CBM) extraction rights to be auctioned from Coal India Limited’s (CIL) coal mines: Smt @nsitharaman #AatmaNirbharEconomy

Concessions in commercial terms given to CIL’s consumers with relief worth Rs 5,000 crore offered: : Smt @nsitharaman #AatmaNirbharEconomy

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