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Govt successfully auctioned natural resources, including coal: Piyush Goya

The coal mines auction was conducted for the first time by the present NDA government in the year 2015

Piyush Goyal  |  Natural Resources  |  Interim Budget 2019

Press Trust of India  |  New Delhi 

Finance Minister Friday said the NDA government has conducted transparent auction of including coal and has "walked the talk".

Presenting the Budget for 2019-20 in the Lok Sabha, Goyal said "we conducted transparent auction of including coal and spectrum. We have walked the talk".

Goyal said this while explaining the steps taken by the government against corruption.

"We have ushered in a new era of transparency. We have given a corruption free government," the minister said while delivering the Budget speech.

The coal mines auction was conducted for the first time by the present NDA government in the year 2015.

The Parliament passed the Coal Mines (Special Provisions) Bill 2015 on March 20, 2015.

Under the provisions of the Coal Mines (Special Provisions) Act, 2015 and Rules made there under, so far 85 coal mines have been successfully allocated.

Of these 85 coal mines, 25 have been allocated through electronic auction and 60 have been allocated to Government Companies through allotment.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 01 2019. 14:15 IST