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In a significant development for the world of art and cultural heritage, the Indian government has proposed a major overhaul of the legal framework regulating the trade of antiques in the country. The Centre, through its draft Antiquities and Art Treasures Regulation, Export and Import Bill, 2017, has suggested doing away with the requirement of a licence for selling antiques within India.

The government is preparing to auction coal blocks with strong potential for coal gasification as part of its broader strategy to transform the domestic coal sector and promote cleaner, value-added utilization of the fuel. A senior official confirmed that these coal blocks will soon be offered under the commercial coal mining auction framework, marking a significant step toward achieving India’s ambitious coal gasification targets.

The Securities and Exchange Board of India (SEBI) is preparing to introduce a comprehensive and stringent regulatory framework for funds that invest in artworks, antiques, rare coins, and stamps. The proposed move is aimed at curbing the flow of black money into these niche investment avenues while ensuring greater protection for genuine investors who participate in such schemes.