The coal ministry will auction coal blocks for commercial mining on a revenue sharing basis and proposes to announce incentives for faster production. To incentivise bidders to begin early, the government proposes to offer up to 20% deduction in its revenue shareThe government’s revenue share is proposed to be reduced by 10% if the selected bidder starts to mine a year earlier than the agreed timeline. The same is proposed to be reduced by 20% if mining begins two years ahead of schedule