Govt initiates regulatory for coal industry

New Delhi: A Coal Regulatory Authority to regulate and conserve coal sector resources besides protecting the interests of consumers and producers, will be constituted in the next Parliament session.

The Coal Regulatory Authority would facilitate standardised operational norms and establish benchmarks in safety standards, performance and productivity through adoption of best mining practices, he said while speaking on the subject.

A coal regulator is likely to lead to optimal utilisation of coal resources and ensure that Indian coal companies raise their level of competence to be at par with international competitors.