Source: The Economic Times, Nov 26, 2017
A draft national energy policy proposing aligning energy prices with international rates will be put up for the approval of the Cabinet. If approved, energy prices across sectors would become market-driven and subsides would be limited to identified beneficiaries via direct benefit transfer, much on the lines of the LPG subsidy.
In June, government think tank Niti Aayog released a draft National Energy Policy (NEP), on which it had been working since 2015. Prime Minister Narendra Modi had chaired interministerial consultations on the policy after the coal ministry expressed reservations over market-driven prices that would pose a threat to the monopoly and margins of Coal India.