Beyond the allocation and auction route

The coal situation in India reminds me of the famous line, "Water, water, everywhere, but not a drop to drink!" India, with estimated coal reserves of 280 billion tonnes, is said to be the fifth-largest in terms of reserves. Of this, 110 billion tonnes are "proven" reserves. At our current rate of production, just the proven reserves are enough to carry on for more than 100 years. But even then, our coal production falls short of actual requirements and India needs to import coal.

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