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National Coal Index
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- It is a price index which reflects the change of price level of coal in a particular month relative to the fixed base year.
- The base year for the NCI is Financial Year 2017-18.
- Compilation:
- Prices of coal from all the sales channels of coal,including import, as existing today are taken into account for compiling the NCI.
- The amount of revenue shareper tonne of coal produced from auctioned blocks would be arrived at using the NCI by means of defined formula.
- Sub-Indices:NCI is composed of a set of five sub-indices:
- Three for Non Coking Coaland two for Coking Coal.
- The three sub-indices for Non Coking Coal are combined to arrive at the Index for Non Coking Coal and the two sub-indices for Coking Coal are combined to arrive at the Index for Coking Coal.
- Thus,indices are separate for Non Coking and Coking Coal.
- As per the grade of coal pertaining to a mine, the appropriate sub-index is used to arrive at the revenue share.
- It is a price index which reflects the change of price level of coal in a particular month relative to the fixed base year.
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Coal
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POSTED ON 17-01-2024 BY ADMIN
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