Economy, Banking and Finance · 4 July 2026

Ministry of Coal allows insurance surety bonds for coal block allocatees

Exam-focused facts from the 4 July 2026 current affairs briefing.

Key facts

  • The Ministry of Coal has permitted successful coal block allocatees to use insurance surety bonds (ISB) instead of performance bank guarantees (PBG).
  • This change was notified under the Coal Blocks Allocation Amendment Rules, 2026.
  • The provision applies to coal block allocatees under the Mines and Minerals Development and Regulation Act, 1957 (MMDR Act).
  • Existing operators who have already submitted bank guarantees are allowed to replace them with ISB to free up capital for mine development.
  • The Ministry of Coal plans to extend this facility to coal blocks allocated under the Coal Mines Special Provisions Act, 2015.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

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