Union Coal Minister and Power Minister Piyush Goyal on Thursday launched a web portal for the e-auction of coal mines, after the Cabinet approved the use of the ordinance route for allocation of coal blocks and for allowing 49 percent FDI in the insurance sector.
Earlier on Wednesday, the Cabinet cleared the ordinance on the Coal Mines (Special Provisions) Bill, 2014, and Insurance Laws Amendment Bill, 2008.
The ordinance was passed after the Union Cabinet held a meeting at the Prime Minister's official 7, Race Course Road (RCR) in the capital.
