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Coal India will not be divested: Uma

Union Coal and Mining Minister Uma Bharti has categorically said that Coal India will not be divested and its employees will not be retrenched.

Talking to newspersons on Monday, Bharti said Coal India had been able to come out of it's losses during the past few years and was now in a position to make profit.

''Coal India has to be made competitive to meet the market trends of globalisation,'' she said.

''Besides making efforts to make the subsidiary companies of Coal India profitable, we will try to reduce unemployment in the coal industry,'' she added.

Improving security arrangements in the mines, adopting new techniques and ascertaining educational and medical facilities were some other plans on the anvil, Bharti said.

She said the royalty rate of coal had been increased in August as per the demand of state governments. There would be an evaluation of royalty after three years.

UNI

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