Coal India has introduced a special spot e-auction scheme for importers to boost sales and reduce India’s dependence on imports. Buyers including traders who imported coal after March 2018 are eligible for bidding under the scheme.
The Coal Ministry is devising a single window clearance mechanism for faster online application processing for various approvals, including environmental clearance, required for operationalisation of coal blocks.
India registered a trade surplus after almost two decades with the balance in June turning in the country’s favour at $790 million, official data showed. India’s exports contracted for the fourth consecutive month and shrank 12.41% to $21.91 billion in June while overall imports plummeted a steep 47.59% to $21.11 billion.