Coal news and updates

Govt corrects minor error in competitive bidding rules notification

March 24: The government has corrected a minor typographical error in its earlier notification on Auction by Competitive Bidding of Coal Mines Rules, 2012.

The new notification dated March 11, 2014 states that, "The coal produced from the allocated areas containing coal shall be distributed through the long-term contract or linkage approved by the central government or as the case may be, the state government."

The changes in the rules will be effective from December 27, 2012.

The notification clarified that by giving retrospective effect no one will be adversely affected and this amendment has been given retrospective effect to clear the typographical errors.

Incidentally, the principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (ii), vide number S.O.207 ( E ), dated February 2012 and subsequently amended vide notification number S.O. 2008 ( E ) dated December 27, 2012.