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if seconds to start start sir the coal mining industry is a sick child and attempt is being made by this bill to increase the coal development rebate and inject some health into that sick child this remedy in my opinion would have limited effect for as pointed out by the previous speaker the problems raised by the condition of the coal industry are of a biter and different nature and need solution on wider canvas it has already been pointed out that the World Bank promised a loan of thirty five million dollars to the coal industry with the condition that matching rupee finance should be forth coming from the industry itself it is some time now that that promise was made by the World Bank but because the local coal mining industry has not been able to raise the rupee finance this sum promised by the World Bank has not been utilized so far this is an effort now by the government to give some inducement to the local coal mining industry to invest more money in plant and machinery by raising the development rebate but then the coal industry is faced with a peculiar situation the demand in this country for coal the potential demand the actual demand each offer very higher order the production falls far short of the potential demand but then we find that there is glad there is stockpiling of low-grade cold add the methods which leads to many complication therefore the government while trying to inject this incentive in this mining industry should we aware of the other connected problems because life is an integrated whole modern economic life also is an integrated whole you cannot take steps only in one sphere and leave other spheres untouched if a problem has to be solved it has to be sold on a broad front suitable matching majors help to be taken in the other fields as well this concession no doubt is large but as the previous speaker has rightly pointed out we do not know what amount of money what amount of rupee financed this concession will make available to the coal mining industry in the next three or four years in the absence of figures in this respect we seem to be in the dark why has the dollar loan advanced by the International Bank for development not been utilized so far moreover for raising internal finances it is not proper to assume that the coal mining industry should tap only its own resources modern mining is really carried on by the finances advanced by commercial institutions bank financial institutions investment institutions and the like now in India these banking institutions have not so far got a developed technical wing it is difficult for them to know but the condition of the mining machinery and plant in a particular mine is it is difficult for them to assess whether in future a mine in spite of some investment but weeping preposition or not whether a mine would be in a position to pay back the loan after sometime or not in the absence of that technical being in the absence of accurate knowledge of coal mining these financial institutions are at a disadvantage because when they do not have this knowledge they naturally do not like to take any risk therefore even in the state governments would give the permission required under the mineral concession rules even in that situation I do not feel it would be possible for these coal mines to raise educate matching rupee finance how is then the situation be tackled there is a Coal Board which is having a technical wing and which possesses expert knowledge of mining machinery and mining conditions one of its duties is to judge the efficiency and the future profitability of mine now if the technical know-how that at the disposal of the coal board is somehow connected with the private commercial institutions in that case it may be possible for the coal mines to raise the matching rupee finance I do not know if the government have applied their mind to bring the Coal Board and the financial institutions together into some scheme unless that is done unless the state bank or some other banking institution or even the government set up their own technical machinery to adjudge the efficiency and effectiveness of a coal mine I feel that in spite of the relaxation of the mineral concession rules in spite of the willingness of the state governments to sense an assignation and mortgage adequate finance won't be forthcoming therefore I feel that the government should pursue an inquiry on this line sir while these remedies may be suggested if we take the economic situation stop for more updates of audio sterno dictations don't forget to subscribe my youtube channel sham stenography