On June 20, the government allowed Coal India Ltd. to import coal and supply to power producers on a cost-plus basis, which will be ultimately borne by the consumer. In another step in a bid to streamline the operations and ensure transparency within the system for effectiveness, group of Ministers approved a draft Coal Regulator Bill likely to be passed. The regulator will fix guidelines for price revision, improve competitiveness in the e-auctions, set trading margins, and increase transparency in the allocation of reserves, which will have long term impact.
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