FE Editorial : Open up coal market

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SummaryWhile the debate over whether Coalgate was a scam worth R1.86 lakh crore continues, the larger issue remains that of tackling its root cause, the huge shortage of coal in India and the near-complete monopoly of the public sector Coal India Limited.

(rock formations in which diamonds may be present) discovered by various government organisations in India between 1980 and 2004, Rio Tinto has found 22 kimberlites between 2000 and 2003. What’s unclear is what is so strategic about coal that Coal India’s monopoly can’t be broken.

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