Reports suggest that government may authorise the proposed coal regulator to decide the methodology to fix prices of the fuel to check abuse of monopoly by any coal producer.
The issue would be considered while finalising the Coal Regulatory Authority Bill. The Coal Ministry wants coal producers to be allowed to determine the price of the commodity, although it wants the pricing methodology to be decided by the regulator.
The ministry, meanwhile, rolled back a crucial proposal to give power of authorisation in grant of leases to the regulator. The coal ministry amended the provisions on price regulation for determining the price of coal on a rational and
scientific basis, leaving the responsibility of fixing prices to coal producers.
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