Aiming to enhance quality of life while conserving the planet, Fourth Partner has ventured into the disruptive sector of solar power
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The newly appointed CMD at Coal India has a tough road ahead.
Using available government data, the team is targeting $30-40 billion worth of iron and steel products that are imported into India.
The government's final rules for reallocation of cancelled mines through an e-auction process give the existing owners an advantage over new bidders.
The Union Cabinet on Wednesday cleared changes in the Act. Union Power Minister Piyush Goyal earlier this week said the Bill would be tabled in Parliament soon.
Under current laws, a company cannot sell mines but only transfer leases when it is acquired by another firm.
The project is the largest investment undertaken by any private sector entity in CSP in India.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
The new system will entail a periodic revision in the price of subsidised LPG cylinders so that the subsidy remains fixed.
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
It is up to the government to take a decision on this before it starts auctioning.
The Supreme Court order has created a new legal framework for coal mining by ruling that only the Union government and its entities can do it.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
Seven major state power distribution utilities, identified by the central government for financial restructuring, have failed to increase their tariff considerably to improve their financials.
On Monday, a journalist sat through a closed-door meeting between Goyal and state power ministers, in the guise of an event manager.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
The move is part of a larger initiative by the government to speed up work in the highway sector.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
As power generation across northern and western India bore the brunt of the coal scarcity, spot prices at IEX rose to Rs 10.8 a unit during August 25-27, compared with Rs 8.7 a unit on August 22.
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