Empower coal regulator

While the inter-ministerial panel under finance minister P Chidambaram will discuss the draft coal regulatory authority Bill later today, it is important to understand the context in which the regulator is being proposed. The ongoing tussle between NTPC and Coal India Limited (CIL), in which NTPC has withheld R2,000 crore of payments to CIL for poor quality supplies, is an obvious example of why a regulator is required.

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