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 main goal of the plan to reform the economy mentioned in the text?

How does the Supreme Court's decision regarding mining licenses affect private companies?

What are the implications of the coal workers' strike for India's power supply?

What percentage of the total workforce in the coal industry do the striking workers represent?

What challenges does the government face in introducing reforms in the coal industry?