ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Ministry of CoalSubscribe to Ministry of Coal

Autonomous Regulation and Regulatory Risk

The Ministries of Railways and Coal have recently opened up their passenger train and commercial coal mining segments to private participation. With this, there is a growing clamour for setting up independent sectoral regulators for these sectors. This article argues that railways and coal would be better off “regulating by contract” or that the independent sectoral regulators in related sectors may be given the regulatory responsibility of railways and coal, respectively.

 

Nationalisation vs Privatisation

Coal production in India has not been commensurate with the growing energy demand. As a result, import dependence has increased, which has exposed the economy to higher prices and geopolitical risks. Coal India Limited, the monopoly public sector producer, is saddled with the problems of low productivity. Private sector participation in the sector is limited and restricted to captive mining. The aim of this article is to use a tool called “Discourse Network Analysis” and structurally analyse the configuration of debate on privatisation versus nationalisation from 1997 to 2013.

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