CBM Policy , 1997 aims to maintain a competitive bidding system for exploration of CBM blocks.The contractors pay a royalty of 10 % to state govt.The duration of contract is 38 years and 40 years (normal area and frontal area respectively).
CBM is a natural gas extracted from coal beds.It is an unconventional source of energy and has become an important source in countries like US, Canada etc.
INDIA has CBM reserves of 4.6 trillion cubic metres across 8 states. Recently the simultaneous mining of coal and exploration of CBM reserves has been allowed which was earlier prohibited.Union Cabinet has given clearance to Coal India Ltd (CIL) for CBM exploration.
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