Pooling inaction

The Government’s in-principle nod for ‘pooling’ of prices for coal produced as well as imported by Coal India Ltd (CIL) is unwarranted and ill-conceived. The move – which entails the state-owned miner supplying coal of equivalent grade, whether its own or imported, at a single price to all power stations in India – harks back to the days when the Government made available iron ore, pig iron, coal or aluminium at the same rate across the country through a so-called freight equalisation policy.

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