Coal India Workers to Go on Five Day Strike

The video discusses India's economic reform and divestment plans, focusing on privatizing Coal India, which holds a monopoly in the coal industry. The Colgate scandal led to the cancellation of many mining licenses, and the government aims to auction new licenses to boost competition. However, coal miners and unions oppose privatization, fearing cheap labor and job losses, leading to potential strikes. This situation risks a power crisis, as Coal India supplies most of the country's coal, crucial for electricity generation. The video highlights the difficulties in implementing reforms in India, with the government facing significant opposition.

What was the primary goal of the Indian government's plan regarding Coal India?

• To increase coal prices

• To privatize the company and encourage competition

• To nationalize all coal companies

• To reduce coal production

Why are coal miners and unions opposed to the privatization of Coal India?

• They want more government control

• They fear it will introduce cheap labor

• They believe it will lead to increased coal prices

• They are against environmental regulations

What percentage of India's coal supply is produced by Coal India?

• 60%

• 50%

• 70%

• 80%

What is the potential consequence of the coal workers' strike on India's power supply?

• Increased coal exports

• Power shortages and plant shutdowns

• Higher electricity prices

• More renewable energy usage

What challenge does the strike highlight about implementing reforms in India?

• Lack of government support

• Difficulty in balancing interests

• Insufficient coal reserves

• Over-reliance on foreign investment