India, July 2 -- The Government of India has issued a release:
The Ministry of Coal has introduced a key reform to provide greater financial flexibility to coal block allocates and further strengthen ease of doing business in the coal sector. Through the Coal Blocks Allocation (Amendment) Rules, 2026, the Ministry has enabled the use of Insurance Surety Bonds (ISBs) in place of Performance Bank Guarantees (PBGs) for coal blocks allocated under the Mines and Minerals (Development and Regulation) Act, 1957.
The amended framework allows coal block allocates to choose between a Performance Bank Guarantee and an Insurance Surety Bond for fulfilling their performance security obligations. It also extends this flexibility to existing allocates, ...