To boost the Indian Economy Deputy Chairperson of Planning Commission Montek Singh Ahluwalia argued that denationalsiation of the coal sector. Finance ministry’s mid-term review that country’s growth has dipped below 6%. Amid growing concerns over the Indian economy not seeing any signs of revival, Since 1973 Government has only allowed the minor private section in the coal sector.
India’s position as coal monopolistic has not helped it to boost. The plan panel has said that 23,000 MW of power capacity added in the 11th Five Year Plan cannot
be utilized due to the absence of coal linkages. There is a 122 million tone gap between the demand and supply factors of coal India
Privatization, Liberalization Globalization, has helped our economy to boost up since 20 years. It helped our economy to give a perfect shape in term of societies and economics. It helped countries like china and India to become developing nation. FDI in retail has created a buzz in the media but the major loss in the coal sector is not recognized. Through the support to denationalize coal mining in India will increase the competition at global front, bringing about utilization of state of the art mining technology. But the critics say that such proposal or measures could lead to a huge rise in coal prices, resulting in higher electricity costs for the common man.
Is a common man ready to get a shock like hike in electricity prices? After the price hike in petrol diesel and 9 cylinder’s a year.
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