Break up Coal India into seven smaller companies, suggests NITI Aayog
Fresh coal production should come from private sector mines, govt think-tank NITI Aayog said
 "Break up Coal India into seven smaller companies, suggests NITI Aayog")
The RSS-backed trade union said that NITI Aayog’s proposal to create a new category of “fixed term employment” in the organised sector will destroy quality jobs.
India should split the seven units of state-controlled Coal India Ltd into independent companies and let them compete against one another to encourage competitive pricing, the government's policy think-tank said on Tuesday in a draft of a new energy policy.
Fresh coal production should come from private sector mines, the government think-tank NITI Aayog said, adding that the move called for reforms in allocating coal blocks to independent companies specialised in coal mining.
Coal India was not available for comment after regular business hours.
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First Published: Jun 27 2017 | 9:56 PM IST