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The Union cabinet is most likely to consider the proposal of mining sector reform for enhancing private investment, in the meeting scheduled for January 13.
Amendments in the Mines and Minerals (Development and Regulation) Act, 1957 have been proposed, sources said.
Earlier on Monday, Union Home Minister Amit Shah said coal sector will play a very important role in achieving the target of $5 trillion economy by 2022.
He even launched a single window clearance system for the coal sector, and stated that commercial coal mining auctions will now facilitate small and medium industries to receive coal supplies easily.
Prior to this, Mines Secretary Anil Kumar Jain had indicated that reforms will pave the way for auctioning of at least 500 mineral blocks and had emphasised that calendar year 2021 will be a "bridge year between the past and the future".