India's Coal Story PDF
Preview India's Coal Story
SAGE was founded in 1965 by Sara Miller McCune to support the dissemination of usable knowledge by publishing innovative and high-quality research and teaching content. Today, we publish over 900 journals, including those of more than 400 learned societies, more than 800 new books per year, and a growing range of library products including archives, data, case studies, reports, and video. SAGE remains majority-owned by our founder, and after Sara’s lifetime will become owned by a charitable trust that secures our continued independence. Los Angeles | London | New Delhi | Singapore | Washington DC | Melbourne Praise for the Book Coal is the main energy source for India. While it would undoubt- edly have economic and environmental dimensions anywhere in the world, in India it has overarching political concerns due to the rent-seeking that goes with a virtual state monopoly on mining of coal. In his clinical style, Subhomoy Bhattacharjee gives a rounded view of the coal economy and the critical place that it enjoys in the energy security of India. —Ashok Chawla Chairman, The Energy and Resources Institute (TERI), and former Finance Secretary Coal, often referred to as black gold or black diamond by some, is an important sector in a developing country such as India. There are so many issues related to the coal sector—energy issues, en- vironmental issues, labour issues, social issues, economic issues, trade union issues and the issues around coal mafia. Subhomoy, in his book India’s Coal Story, has not only tried to flag the various issues but has also brought historical as well as recent perspectives to these issues. The history of coal is almost parallel to the history of India since the days of the British rule. The book is well researched, providing wonderful insights into the troughs and crests that the coal industry has undergone. Coal not only has been a key mover in India’s energy sector but also seems to have moved politics. There are various instances of this in the book. Having earlier worked in a coal-producing district in erstwhile Bihar (now Jharkhand), I can correlate my own experi- ences with what Subhomoy has presented succinctly in his book. Over the nine chapters in the book, he has captured the vicissi- tudes in the emergence of the coal industry, with vivid description of the events that unfolded in the journey, bringing to the attention of the reader the facts and events, as well as the stories behind such facts and events. On the whole, the book, I am sure, will attract not only econo- mists but also historians, political commentators, industry onlook- ers and anyone who wants to know anything and everything about coal in India. —UK Sinha Chairman, Securities and Exchange Board of India The convoluted evolution of India’s energy policies is difficult to unravel, and this is particularly the case with respect to coal, which remains the primary source of power in the country. Subhomoy has done an admirable job in bringing alive the politics of coal in India, the main dramatis personae in its unfolding saga and the outlook for the future as the international energy environ- ment undergoes significant changes, given the growing concerns over climate change. This is an extremely useful reference for all who may be interested in understanding how India will meet its daunting energy security challenge and the role coal will play in this regard. —Shyam Saran Former Foreign Secretary (served as Prime Minister’s Special Envoy for Climate Change) I N D I A ’ S C O A L S T O R Y I N D I A ’ S C O A L S T O R Y F r o m D a m o d a r t o Z a m b e z i S U B H O M O Y B H A T T A C H A R J E E Copyright © Subhomoy Bhattacharjee, 2017 All rights reserved. No part of this book may be reproduced or u tilised in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without permission in writing from the publisher. First published in 2017 by SAGE Publications India Pvt Ltd B1/I-1 Mohan Cooperative Industrial Area Mathura Road, New Delhi 110 044, India www.sagepub.in SAGE Publications Inc 2455 Teller Road Thousand Oaks, California 91320, USA SAGE Publications Ltd 1 Oliver’s Yard, 55 City Road London EC1Y 1SP, United Kingdom SAGE Publications Asia-Pacific Pte Ltd 3 Church Street #10-04 Samsung Hub Singapore 049483 Published by Vivek Mehra for SAGE Publications India Pvt Ltd, typeset in 10/12 pt Palatino by Zaza Eunice, Hosur, Tamil Nadu, India and printed at Saurabh Printers Pvt Ltd, Greater Noida. Library of Congress Cataloging-in-Publication Data Available ISBN: 978-93-864-4600-8 (PB) SAGE Team: Rajesh Dey, Sandhya Gola, Syeda Aina Rahat Ali and Kapil Gulati To my daughter Debolina, who’d much rather I had written a fiction To my wife Neeta, who thinks I have
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