Govt may end ban on foreign investment in coal mining; decision likely soon

Other proposals under consideration include raising investment limits in digital media and easing rules for retailers selling a single brand

India’s government moved a step closer to scrapping a cap on foreign investment in commercial coal mining, a person with direct knowledge of the matter said, as part of efforts to boost economic growth. 

The proposal is being discussed at a Wednesday meeting of the cabinet, led by Prime Minister Narendra Modi, and a decision may come within hours, the person said, asking not to be identified because the discussions are private. The change would allow overseas miners such as BHP Group Ltd and Glencore Plc to own 100% of mining companies. Other proposals under consideration include raising investment limits in