Survey Shows Indian Coal Regulator a Positive Plan

The Economic Times reported that an India Ratings survey indicates that the Indian government’s decision to set up an independent coal regulator is a key step toward overhauling the country’s coal sector.

As quoted in the market news:

‘It (coal regulatory authority) can potentially bring considerable relief to industries which depend on coal as a critical input, most notably the beleaguered power sector,’ the ratings agency said in statement.

It, however, pointed out that though decision is a positive step towards the sector’s development and is expected to determine the principles on the basis of which producers can price coal, it is yet unclear if price setting would also be included within the ambit of the proposed regulator.

Click here to read the full report from The Economic Times.