<h1>India Approves Policy Granting Coal Bed Methane Contractors Pricing Freedom to Boost Production and Economic Growth.</h1> The Cabinet Committee on Economic Affairs in India has approved a policy granting marketing and pricing freedom to Coal Bed Methane (CBM) contractors, allowing them to sell CBM at an arm's length price in the domestic market. The process for determining the market price must be transparent and competitive. Contractors can sell CBM to affiliates if no buyers are found. Government royalties will be based on the higher of the Petroleum Planning Analysis Cell notified prices or selling prices. This policy aims to boost CBM production, stimulate economic activities, and create employment opportunities in related sectors.