Hyderabad: Union Minister for Coal, Mining and Parliamentary Affairs Union Minister Pralhad Joshi explains about liberalization of coal regime in an interaction with ETV Bharat talked about the liberalization of the coal regime. The minister also explained about the delimitation of parliamentary seats by 2026. All the stakeholders opinions will be taken into account for the process. Also, the minister said that Yediyurappa will continue as Chief Minister of Karnataka and not to heed to power corridor speculations.
Ques: The government is going ahead with the liberalisation of the coal regime. Why did the government go ahead with the policy and what's India's capacity in terms of the country's requirement?
Ans:So far, we have not used our potential because of restrictions. Those people who have experience in the coal mines can only participate in the exploration of the minerals. The coal mines special provisions act bars the government from auctioning of at least 204 mines in the country. Due to this, we cannot explore the minerals as per the country's requirement. Even though we are the fourth largest coal reservoir in the world, we used to import around 250 Million Tonnes of coal worth one lakh fifty thousand crores. Currently, the contribution of the mining sector, putting it all together, is around 1.00 per cent and we want to take it to 2.50 per cent.
Ques:As of now, India is dependent on China for the rare earth minerals which are widely used in electronic equipment. Is India sufficient with the current demand or have to explore more into it?
Ans:We have many ample numbers of rarer minerals. We have not explored the total capacity of the minerals we have. According to the Geological Survey of India, we have a total of 10 per cent of minerals found on the Earth. Due to certain restrictions, we have explored only 1 per cent of it. Now, we have changed the basic hurdles that come in the way. With the Mines and Minerals (Development and Regulation) Amendment Bill, 2021, we can mine more to explore the minerals. The PSUs will be given the charge of special minerals exploration while all others will be auctioned to the private players.
Ques:As the country has witnessed a steep rise in the coronavirus, has the government planned for a nationwide lockdown?