GoM to discuss Coal Regulator Bill today

Written by Press Trust of India | New Delhi | Updated: Dec 18 2012, 08:14am hrs
The group of ministers (GoM) headed by finance minister P Chidambaram is likely to meet on Tuesday to deliberate on the draft Coal Regulator Bill.

The GoM may meet on December 18 to discuss the draft Coal Regulator Bill, a government official said.

The Cabinet had earlier referred the draft Bill for setting up a regulatory authority for the coal sector to a ministerial panel.

Coal minister Sripra-kash Jaiswal had said in November that the GoM assigned to set up the coal sector regulator may come up with its final recommendations soon after its meeting in December. I think in one or two meetings it (setting up of the coal regulator) would be decided, the minister had said.

The setting up of an independent regulator for the coal sector is coonsiderd important for competitiveness of e-auctions, fixing guidelines for price revision in supply pacts, fixing trading margins and increasing transparency in the allocation of reserves.