The finance ministry of India has approved the restructuring of the Coal Controller Organization (CCO), an institution in the country to ensure fair production and commercial transactions of coal, including quality surveillance.
The move aims to regulate commercial coal mining and increasing coal output.
"The restructuring of CCO has finally been approved by the Ministry of Finance," the coal ministry said in a statement on January 11.
The organization is a subordinate office of the coal industry, which has offices in Kolkata and Delhi, and field offices in Dhanbad, Ranchi and other four cities.
To align the organization with the current scenario in the coal sector reforms, the government formed a four-member panel to review the functions of Coal Controller's office in November 2019. The committee had proposed restructuring of the CCO.
(Writing by Rebecca Liu Editing by Emma Yang)
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