Aap pehle Chronology Samjhiye -
#Budget2020
1. Firstly, Coal Mines was 100% opened for FDI & Private players. Monopoly of Coal India ended. All stringent & stupid Socialist era conditions for Auctioning coal mine were removed for the purpose of reducing Coal Imports.
#Budget2020
1. Firstly, Coal Mines was 100% opened for FDI & Private players. Monopoly of Coal India ended. All stringent & stupid Socialist era conditions for Auctioning coal mine were removed for the purpose of reducing Coal Imports.
2. In today's Budget, Benefit of reduced Corporate Tax of 15% which was earlier available only to Manufacturing companies is now extended to Power generating companies too. Coal is used as an input for Power generation. Means increase in Power generation.
#ElectricityForAll
#ElectricityForAll
3. Railway Lines on PPP basis will he extended to Coal mines for transporting Coal from Mine to Other places. Means more railway construction.
4. In future, more mines will be opened for Private Investment & auctioned. Eg Iron, copper, gold, etc.Stellite like protests to follow.
4. In future, more mines will be opened for Private Investment & auctioned. Eg Iron, copper, gold, etc.Stellite like protests to follow.
5. It was stupid to import Coal & Gold from abroad inspite of having reserves in our own country due to pressure of Environmental NGOs.
6. In future, Coal India will also be privatized though Strategic Disinvestment. India will become 100% self reliant in case of Coal.
6. In future, Coal India will also be privatized though Strategic Disinvestment. India will become 100% self reliant in case of Coal.
Combined effect of all of above -
1. Coal Extraction & transportation will produce enormous jobs especially in backward states like Chattisgarh, Jharkhand, etc. This will reduce unemployment & increase Rural Purchasing Power along with improvement in Rural Infra.
1. Coal Extraction & transportation will produce enormous jobs especially in backward states like Chattisgarh, Jharkhand, etc. This will reduce unemployment & increase Rural Purchasing Power along with improvement in Rural Infra.
2. Reduction in Coal Imports, thus less import bill, thus strong rupee & increase in Forex reserves & less Current A/c Deficit.
Above will happen for Gold, Copper also in future.
3. India will become self reliant for Coal & we may export coal too in future.
Above will happen for Gold, Copper also in future.
3. India will become self reliant for Coal & we may export coal too in future.
4. Increased coal supply & competition among suppliers will bring down Coal prices immediately & thus help Power generation companies to get their input at low prices & thus improvement in profitability of Power companies.
5. Power is one of the sector, loans to whom are classified as NPA in books of Banks. Increased profitability will help them get out of NPA tag. Thus, lowering the pressure onBanks Balance sheet as well & strengthening our Banking sector.
6. Most imp thing is it will help us produce Electricity at highest ever speed. Modiji had set target of 100% Electrification before 15/8/22. It help us achieve it atmost before 2024 elections, if not before. Electricity prices will also come down due to increased supply.
