Rajan's two-tier coal pricing idea gets Plan panel support

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Raghuram Rajan had suggested power plants which had signed fuel supply agreements before 2009 should get 90% of their annual input from Coal India. Raghuram Rajan had suggested power plants which had signed fuel supply agreements before 2009 should get 90% of their annual input from Coal India.
SummaryAsks PMO to introduce mechanism within current FSA regime.

dual pricing proposal.

The proposal would require Cabinet approval before being operationalised, he adds. The proposal also envisages diverting 1.25 per cent or 5 MT coal from e-auction for sale at IP price. “CIL would be free to divert additional quantities from e-auction for supply at IP price and the PSU may retain the revenues generated from this exercise,” it says.

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