ET reported that Coal India's annual output would fall by 11.5 million tonnes this fiscal because of a recent order from the environment ministry that requires a company to obtain forest clearances before mining even in barren areas if another part of the coal block has a forest.
Mr Sriprakash Jaiswal coal minister of India said that the directive has begun to impact existing and future projects.
He said “We are writing to Planning Commission deputy chairman Mr Montek Singh Ahluwalia, finance and environment ministers to exempt coal projects from the recent directive. The latest instructions of environment ministry will have an adverse impact on coal production as most of the coal bearing areas are in forests.” (sourced from Economic Times)
Mr Sriprakash Jaiswal coal minister of India said that the directive has begun to impact existing and future projects.
He said “We are writing to Planning Commission deputy chairman Mr Montek Singh Ahluwalia, finance and environment ministers to exempt coal projects from the recent directive. The latest instructions of environment ministry will have an adverse impact on coal production as most of the coal bearing areas are in forests.” (sourced from Economic Times)
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