National Coal Index Explained
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In what should certainly qualify as a watershed moment in the history of India's coal sector, the government has put up 38 coal blocks for commercial mining in view of utilising existing reserves and reducing dependence on imports. By removing the end-user restriction in coal mining, the government has amended the existing auction process to bolster private participation in coal mining.
One of the key changes proposed to be brought in is the introduction of a National Coal Index that would form the basis for determining the revenue share of state governments from the mines to be auctioned.
Takeaways:
- What is National Coal Index (NCI)?
- How NCI would work?
- How is the monthly payment determined?
- Major implications of NCI-Pros & Cons
To watch our complete coverage on NCI, please view the Vlog below:
