{"id":265276,"date":"2022-04-09T15:00:47","date_gmt":"2022-04-09T09:30:47","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=265276"},"modified":"2022-04-09T11:05:44","modified_gmt":"2022-04-09T05:35:44","slug":"cabinet-approves-granting-one-time-window-to-government-companies-to-surrender-non-operational-coal-mines-without-penalty","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/09\/cabinet-approves-granting-one-time-window-to-government-companies-to-surrender-non-operational-coal-mines-without-penalty\/","title":{"rendered":"Cabinet approves granting one-time window to Government Companies to surrender non-operational coal mines without penalty"},"content":{"rendered":"<p style=\"text-align: justify;\">On April 08, 2022, the Cabinet Committee on Economic Affairs\u00a0 has approved the Ministry of Coal\u2019s proposal for providing a one-time window to the Central and State PSUs to surrender non-operational mines without penalty (forfeiture of bank guarantee) and without citing any reason. This may release several coal mines which the present Government PSU allottees are not in a position to develop or are disinterested and could be auctioned as per the present auction policy.<\/p>\n<p style=\"text-align: justify;\">A three months\u2019 time will be granted to the allottee Government Companies to surrender the coal mines from the date of publication of the approved surrender policy.<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">Source: PIB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 08, 2022, the Cabinet Committee on Economic Affairs\u00a0 has approved the Ministry of Coal\u2019s proposal for providing a one-time window <\/p>\n","protected":false},"author":8808,"featured_media":260332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29535,4],"tags":[],"class_list":["post-265276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet_decisions","category-legislationupdates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cabinet approves granting one-time window to Government Companies to surrender non-operational coal mines without penalty | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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methodology for auction of coal mines\/blocks for sale of coal under the Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957. The opening up of commercial coal mining for private sector is the most\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7152,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/03\/25\/coal-mines-special-provisions-bill-2015\/","url_meta":{"origin":265276,"position":1},"title":"Coal Mines (Special Provisions) Bill, 2015","author":"Sucheta","date":"March 25, 2015","format":false,"excerpt":"On 20-03-2015, the Parliament passed the Coal Mines (Special Provisions) Bill, 2015. Earlier, the Bill was passed by Lok Sabha on 04-03-2015. The objective of the Bill is to amend the Coal Mines (Nationalization) Act, 1973 and the Mines and Minerals (Development and Regulation) Act, 1957 in order to remove\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":226920,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/12\/parliament-passes-the-mineral-laws-amendment-bill-2020-will-promote-ease-of-doing-business\/","url_meta":{"origin":265276,"position":2},"title":"Parliament Passes The Mineral Laws (Amendment) Bill, 2020 &#8212; Will promote ease of doing business","author":"Bhumika Indulia","date":"March 12, 2020","format":false,"excerpt":"Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development and Regulation) Act 1957 and The Coal Mines (Special Provisions) Act, 2015. Rajya Sabha passed the bill today while Lok Sabha already passed this bill on 6th March, 2020. 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The Union Cabinet had earlier approved the amendments intending to open up new areas of growth in the coal & mining sector. The amendments\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/COAL-_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/COAL-_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/COAL-_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/COAL-_1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/COAL-_1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":226833,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/11\/lok-sabha-passes-mineral-laws-amendment-bill-2020\/","url_meta":{"origin":265276,"position":4},"title":"Lok Sabha passes &#8212; Mineral Laws (Amendment) Bill, 2020","author":"Bhumika Indulia","date":"March 11, 2020","format":false,"excerpt":"Mineral Laws (Amendment) Bill, 2020 passed by Lok Sabha on 06-03-2020. 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