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The newly appointed CMD at Coal India has a tough road ahead.
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.
The move is aimed at making it easier to do business in India.
The project is the largest investment undertaken by any private sector entity in CSP in India.
Zopper, a price comparison site, with 2,000 online and 200,000 offline merchants on board, aims to increase user activity 100 times in 3 years.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Relief would only be for unlisted companies; listed ones already have to prepare statements once a year.
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.
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.
In a major jolt to India's solar energy programme, the Rajasthan government might cancel the 4,000-Mw solar UMPP (ultra mega power project), which was expected to come up near Sambhar Lake.
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