Coal Sector Set To Get A New Regulator

In a move to regulate the coal sector, the GoM has proposed to create a Coal regulator that will regulate quality, grading and supply of coal. The new mechanism aims to regulate higher costs from imported coal that are being passed through increased tariffs. The regulator however is not mandated to regulate the pricing. 

The proposal is likely to be put forward to the union cabinet for approval on June 7th 2013.

SOURCE: www.livemint.com