Inter Press Service: In November last year, India's power minister Piyush Goyal announced that he plans to double coal production in India by the end of this decade and, in an effort to enhance production, the Indian government has started a process of auctioning coal blocks.
Coupled with the auctions is the disinvestment of Coal India Limited (CIL), the world's largest coal mining company, and both actions can provide short-term reprieve to India's energy and fiscal deficit woes.
However, there are four reasons...