New Delhi, Dec. 13 -- The union Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved a new policy titled Policy for Auction of Coal Linkage for Seamless, Efficient & Transparent Utilisation (CoalSETU).
Under the policy, a new CoalSETU window will be created within the existing Non-Regulated Sector (NRS) Coal Linkage Auction Policy, 2016, allowing coal linkages to be allocated through auctions on a long-term basis for any industrial use and export, without end-use restrictions.
However, coking coal will not be offered under this window, the Cabinet Committee on Economic Affairs (CCEA) said in a statement.
The move is aimed at improving ease of doing business, ensuring faster and more flexible utilisatio...