|India to Boost Coal Energy|
|by Tom McGregor||Tue, Jun 10, 2014, 09:29 PM|
India is dramatically reforming its stalling economy and encouraging global coal tycoons to invest in the country.
According to the BBC News, "India's new government has unveiled a programme for rapid economic reforms aimed at creating jobs and boosting foreign investment. The announcement by President Pranab Mukherjee included plans designed to simplify taxation and reduce inflation."
Coal is an efficent form of energy and less costly to produce than alternative energy resources.
As reported by the BBC, "Industrial reforms included attracting private investment to the coal and defence sectors. He also spoke of India's hopes for good relations with neighbours and pledged to tackle violence against women."
India will fight food inflation as well, by introducing a sales tax.
To read the entire article from the BBC News, link here:
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