India’s coal production to touch 900 million tonnes during this fiscal: Pralhad Joshi

Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi said that during this financial year India’s total coal production will touch 900 million tonnes

Alt=
A file photo of Union Minister for Coal Pralhad Joshi

New Delhi: Union Minister of Coal Pralhad Joshi said that India’s total coal production will touch 900 million tonnes during this financial year. He also said that all efforts are being taken by Coal India Limited and its subsidiaries to attain this goal. He said that mineral exploration norms have been relaxed and nine private exploration agencies got accredited.

Comptroller and Auditor General of India (CAG) Girish Chandra Murmu and members of senior management attended the function. Secretaries of mines of selected states, their commissioners of Geology & Mining and the Accountants General of these selected states, members of consultative committee members were also present.

By 2024, India will stop coal import: Pralhad Joshi

Joshi stated that commercial coal mine auctioning process has been made totally transparent and institutionalised by the present Government. Coal import has come down considerably and by 2024 import will be stopped, the minister added.

Joshi said that the report presents a comprehensive picture of the mineral resources spread across different states. He said that the compendium will be of immense value in further strengthening the sustainable mining process which is of paramount importance for ecology and future generation. The minister dedicated the compendium to the people of the country on the eve of Azadi ka Amrit Mahostav.

Collating the information of the state asset accounts, Government Accounting Standards Advisory Board (GASAB) has prepared the compendium of asset accounts on mineral and energy resources in states.

The compendium includes details of all four fossil fuels, 40 major minerals and 63 minor minerals in 28 states and one UT- Jammu & Kashmir. Also, it covers the innovations and best practices noticed during the course of the study. The publication includes certain areas which will require state government’s intervention. It also provides some suggestions for the way forward to further improve the overall management of resources and optimise revenue yields besides ensuring sustainability of the resources.

GASAB has been hand-holding the states through Accountants General Offices in preparing their first asset accounts on mineral and energy resources through monthly meetings. Since October 2021, regular training of state government departmental officers and staff including state-specific workshops besides numerous advisories to the state governments. As a result, all states and one UT (J&K) completed the preparation of the asset accounts on Mineral and Energy Resources for 2020-21. The accounts have been duly validated by the state governments and test-checked to ensure that these are prepared based on documents/datasets available on record.

(PSU Watch– India’s Business News center that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)