Lok Sabha: Setting up of Independent Regulator for Coal Sector
New Delhi ( Nov. 27, 2014): After detailed consultations with various stake holders as well as concerned Ministries/Departments, the Coal Regulatory Authority Bill, 2013 was approved by the competent authority on 27.06.2013 and the same was introduced in the Lok Sabha on 13.12.2013, to regulate and conserve resources in the coal sector, protect the interest of consumers and producers of coal and for matters connected therewith. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha today.
The Minister further stated that the Coal Regulatory Authority Bill, 2013 that was introduced in the Lok Sabha has lapsed with the dissolution of the 15th Lok Sabha on 18th May, 2014. The proposal for re-introducing the same in the Lok Sabha is under consideration for further inter-ministerial consultations, the Minister added.