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The coal ministry is proposing to come out with a new legislation to ensure social security and pensionary benefits to coal workers. The new law, once approved by Parliament, will replace the 77-year-old Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948. The new legislation will take into account important developments in areas such as industrial disputes resolution, working conditions, social security, wage regulation and digitalisation. The coal ministry has invited comments on the draft Coal Mines Employees' Provident Fund and Miscellaneous Provisions Bill, 2025, from the stakeholders. In the new bill, it is proposed to replace the existing Board of Trustees with the Coal Mines Employees' Provident Fund Board, thereby providing a more robust and accountable regulatory framework. The Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948, was enacted to make provisions for framing of a Provident Fund Scheme, a Family Pension Scheme and a Deposit Linked Insurance Scheme for the workers employed in coal mines. The Act is a pre-constitution Act and has been amended several times. "...it is proposed to undertake a comprehensive review and strengthen the provisions of the Act. This will ensure its effectiveness in meeting the present and future needs of the coal sector," the ministry said. The Act is administered by the coal ministry through the Coal Mines Provident Fund Organisation. As the Centre is reviewing the pre-constitutional Acts to assess their continued relevance in the present context, it has been considered necessary to take remedial actions, including repeal, re-enactment or consolidation of multiple central acts governing similar subject matter into a single, streamlined enactment, as the case may be, the ministry said.

Ace investor Ashish Kacholia’s bet on newly listed Jain Resource Recycling has turned into a multi-bagger in just under seven months, delivering a hefty 156% return since his investment in March this year.Kacholia, often dubbed the “Big Whale” of Dalal Street for his knack for spotting emerging companies early, had invested Rs 50 crore in Jain Resource Recycling through his investment arm Bengal Finance & Investments Private Limited on March 13, 2025. At the time, the average acquisition cost worked out to Rs 638.28 per share for a total of 7,83,375 shares.Following a stock split in the ratio of 1:5, announced with a record date of March 27, 2025, the number of shares held by Bengal Finance rose fivefold to 39,16,875, while the average cost per share adjusted downward to Rs 126.75.The stock debuted at the upper end of its IPO price band at Rs 232 and listed with a 14% premium, buoyed by strong investor demand. It went on to rally nearly 50% from its issue price before easing to Rs 324, where it closed on Tuesday, valuing Kacholia’s holding at about Rs 126.9 crore — more than doubling the initial investment in less than seven months. The impressive run translates to a return of roughly 156% from the average acquisition price.Ashish Kacholia recently invested in five IPOs during a busy period for listings, especially in September 2025. These IPOs include•Suba Hotels: Raised Rs 21 crore from anchor investors, including Kacholia.•Ganesh Consumer Products: A leading packaged food company in East India, attracting Kacholia’s investment in the anchor book.•Vikran Engineering: Backed by The Wealth Company with Kacholia and Mukul Aggarwal as investors.•Euro Pratik Sales: Shares listed mid-September with backing from Kacholia.•Patel Chem Specialities: Ahmedabad-based excipient maker invested in by Kacholia through Bengal Finance and Investment, trading on the BSE SME platform. The stock has risen nearly 45% since its August 1 listing. Known for building concentrated positions in small and mid-cap companies with scalable business models, his portfolio moves are often closely tracked by retail investors and market watchers alike.Also read: Forget GMP! How this Rs 900 crore Edelweiss IPO fund picks winning stocks before listingThe latest gains from Jain Resource Recycling add to a string of successful bets the ace investor has made in recent years, reinforcing his reputation as one of the most astute stock pickers in India’s equity markets.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)