Consider the following statements 1 Coal accounts for 55percent of the country rsquo s energy need 2...........

Economic Affairs Energy

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Consider the following statements:

1. Coal accounts for 55percent of the country’s energy need.

2. Private sector is not allowed in coal mining

Which of the statements given above is/ are correct?

1 Only

2 Only

Both 1 and 2

None of the above

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Explanation:

Explanation:
From ESI 2021-22 - Coal is the most important and abundant fossil fuel in India and accounts for 55 percent of the country’s energy need. Coal production increased by 12.24 percent in April-October 2021 as compared to (-) 3.91 percent April-Oct 2nd 2020. Overall production of raw coal in India during the year 2020 2020- 21 was 716.08 million tonnes as compared to 730.87 million tonnes achieved in the previous year 2019 2019- 20.

According to ESI 2021-22 , opening up of coal mining for private sector is the most ambitious coal sector reform. This will bring efficiency & competition in coal production, attract investments & best best- -in class technology, and help create more jobs in the coal sector. So far, 28 coal mi mines have been successfully auctioned. Out of these, 27 coal mines have been auctioned to private companies.