CURRENT AFFAIRS

Detailed explanation-1: -Our regime under Prime Minister Narendra Modi, I would like to assure this House, from 2024-25 we will stop the import of thermal coal, ” said the minister.

Detailed explanation-2: -2022. Presently custom duty applicable to import of coal is 1% BCD and 1.5% of AIDC totaling 2.5%.

Detailed explanation-3: -A plan to increase all India coal production to the level of 1 BT by 2023-24 and coal production by Coal India Limited to 1 BT by 2024-25 has been prepared.

Detailed explanation-4: -As per the present Import policy, coal can be freely imported (under Open General Licence) by the consumers themselves considering their needs based on their commercial prudence.

Detailed explanation-5: -Jan 9 (Reuters) - India’s imports of thermal coal - used mainly for power generation - grew 14.7% to 161.18 million tonnes in 2022, data from Indian consultancy Coalmint showed on Monday, driven by higher domestic production and shipments by utilities.