On April 30, 2020, the Ministry of Coal (MoC) launched a project monitoring unit (PMU) to facilitate early operationalization of coal mines allocated by the government in order to ramp up coal production in the country.
- The decision has been taken to attract bidders during auction of commercial mines and also to promote ease of doing business in India by enabling allocatees (to whom something is allocated) to obtain timely approvals for operationalizing the mines.
- KPMG (Klynveld Peat Marwick Goerdeler) has been appointed as the consultant in the project monitoring unit (PMU) through a transparent bidding process.
About PMU:
PMU will act as a consultant for sorting out the issues of allocatees of coal minesso that the coal production may begin at the earliest. The issues include obtaining various clearances required from the Centre and state government authorities for operationalisation of coal mines.
About Ministry of Coal:
Union Minister– Pralhad Joshi (Dharwad, North Karnataka)
Secretary– Anil Kumar Jain
About KPMG:
Headquartered in Amstelveen, Netherlands is a multinational professional services network, and one of the Big Four accounting organizations. The Big Four is the nickname to the four largest professional services networks in the world, consisting of Deloitte, Ernst & Young, KPMG, and Price waterhouse Coopers.
KPMG India Chairman & CEO– Arun M. Kumar
KPMG Global Chairman and CEO– Bill Thomas
