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Govt. to cancel private sector allotments

 
 

Rebuffed by the lack of progress by the private sector with the allotted coal blocks,  the minister of state for coal declared that govt. may consider cancelling. With 190 blocks given to private sector only few of the players have started work. It seems, that the ministry has also issued show-cause notice. Minerals & Metals (Development & Regulation) bill which is to tabled shortly in parliament will bring in changes in competitive bidding.

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