The New India Assurance Co. Ltd. About The Company It is a leading global insurance group, wholly owned by the Government of India. The company like the other GIC subsidiaries is a leading  insurance group, with offices and branches throughout India and various countries abroad. Incorporated on July 23rd, 1919 founded by the House of [...]

Coal Stealing and Pilferage by the Coal Mafia has always been done on a massive multi million dollar scale. In the coal rich states of Jharkhand, Bihar, West Bengal and Chattisgarh, Stealing of Coal is a major illegal industry. Everyone knows about it and nothing is done as most officials and politicians get a cut of the illegal gains. Corruption in India is institutionalized as governing bodies remain weak and powerless. Despite India’s much touted growth story,all these needling problems have contributed towards the Indian GDP slowing down sharply. Unless governance is improved,its tough to see how India can achieve its potential.

Mining Industry in India is an important economic sector which contributes significantly to the economy of India. India’s minerals range from both metallic and non-metallic types.The total working mines were 2,854 in 2007-08 with 569 mines belonged to coal and lignite, 676 mines to metallic minerals and 1,609 mines to non-metallic minerals.There were 755 mines in public sector and the remaining 2,099 mines in private sector.India is an important exporter of iron ore, titanium, manganese, bauxite, granite, and imports cobalt, mercury, graphite etc. India mineral resources of the country are surveyed by the Indian Ministry of Mines, which also regulates the manner in which these resources are used. The ministry oversees the various aspects of industrial mining in the country.Note Mining in India comes under both the ferderal and state supervision.

Coal is one of the most important sources of energy for mankind providing an easy way to generate energy in a cheap manner.The relative abundance and low costs of using Coal has made it the the first choice of Fuel for building Power Plants in the world.Coal has huge importance as an Energy source and forms the most important raw material for Cement and Steel.Coal is also used in a variety of other industries like Paper,Aluminium,Chemical,Transportation and Pharma.However Coal also has huge negative consequences as it is the largest source of Carbon Emissions which happen during Coal Combustion.Coal Mining despite two hundred years remain as hazardous as ever resulting in thousands of deaths in India and China.Mercury,Arsenic and pollution of other harmful substances into the environment causes diseases and many deaths as well.However for countries like India and China there are little other alternatives and there is no conviction amongst policymakers to change their energy strategies as well.So the advantages of Coal are currently overpowering those of the Cons of Coal.This despite Coal being the dirtiest form of Energy and causing many deaths globally.The main reason for the cheapness of Coal is that the societal costs are not added on explicitly to the Price of Coal making it seem artificially cheap.

Coal is one of the cheapest and most important sources of energy, responsible for 41% of electricity productionworldwide. In many important countries like India,China,Germany,USA,Coal is the primary source of electricity and energy.Other smaller countries also heavily rely on coal for example Poland 94% , South Africa 92%, China for 77% and Australia for 76%.Coal has played this a pivotal role in the development of mankind and his progress into the Industrial Age.Coal is an essential raw material and fuel for important global industries like Cement and Steel.Different qualities of Coal are used for different purposes.For example coking coal with higher carbon percentage is used in Steel Production while Thermal Coal is used in Production of Electricity.It was during the Industrial Revolution in the 18th and 19th centuries that demand for coal surged. Coal is responsible for almost a quarter of the global energy production,41% of the Electricity Production and more than 60% for Steel Making.Here is a list of the Major Uses of Coal

Coal is one of the most abundant fossil fuels available on earth and is a major supplier of energy.Coal is the largest producer of electricity in the world accounting for more than 40% of the global electricity production.This is expected to rise to 44% according to IEA.In the last decade global coal consumption has grown faster than any other fuel.Coal has many other important uses as well such as steel production, cement manufacturing 6 billon tonnes of hard coal and 909 million tonnes of brown coal were used with China accounting for almost 45% of the global coal consumption.Coal is also one of the largest sources of Carbon Dioxide Emissions as well responsible for double the GHG emissions from Oil.Coal is regarded as the dirtiest form of Energy due to high Carbon Emissions,Pollution,Hazardous Substances such as Mercury,Deaths due to Coal Mining etc.However the cheapness of coal,its established industrial base and abundance makes Coal indispensable in the Short Term just like Nuclear Energy.Here are the main Advantages of Coal