All stories by Subhomoy Bhattacharjee
Mining an opportunity: Firm, transparent laws key to attract investmentsRediff.com8 Aug 2023
Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.
'HDFC merger template for faster growth'Rediff.com20 Jul 2023
'If we want faster growth and want greater flow of credit towards the private sector, it's important to have many more of such large entities.'
Want To Send Your Car To The Graveyard?Rediff.com1 Jun 2023
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
'ONGC is venturing into high-risk ultra-deep water exploration'Rediff.com25 May 2023
'We plan to add over 100,000 square kilometres every year, to reach an ambitious target of 500,000 square kilometres by 2025.'
Who Will Mine The Lithium Reserves?Rediff.com3 Mar 2023
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
How a tortoise made due diligence process NPA-freeRediff.com28 Dec 2022
Only NIIF has stayed the course as a viable infrastructure financing institution.
New Parliament will be paperless -- here's what to expectRediff.com23 Nov 2022
In the new Parliament House, with a soft launch this Winter Session, paper is expected to disappear. For the guidance of ministers, secretaries can scribble notes on linked pads even from their offices to respond to queries from members.
Why public sector companies are unable to attract talent for higher postsRediff.com18 Sep 2022
Earlier this year, the Union Cabinet gave the management of state-run companies the freedom to decide on divesting their subsidiaries. However, the very next day a meeting was held at the top level of the Government of India, for the presentation of proposals for more autonomy for state-run companies. Interestingly, no chiefs of any of these companies were invited. It is a problem that will stare the government in the face with the state-owned banks too, as talks have again begun for inviting strategic investments in these companies.
How Coal India is chasing the monsoon to reduce coal supply disruptionsRediff.com14 Aug 2022
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
GIC Re part of Rs 500-crore insurance pool to cover imports from RussiaRediff.com21 Jun 2022
Overcoming its initial concerns, national reinsurer GIC Re has contributed to the formation of an insurance pool to cover most imports from Russia. While it will be called the fertiliser pool with a corpus of Rs 500 crore, it can be used to cover the risks of oil and gas imports too. This was decided by a clutch of Indian insurance companies, led by the state-owned ones. GIC Re's share is about 40 per cent in the pool. Last month, GIC Re had shot off a letter to all non-life insurance companies that underwrite marine risks not to ask it for reinsurance of cargoes that originate from Russia.
The growing tussle between the govt and CAGRediff.com22 May 2022
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Sri Lanka: 'Political stability must be restored'Rediff.com7 May 2022
'For the common man, the economic conditions are not going to get better.'
E-wallets fast becoming the cards of choiceRediff.com22 Apr 2022
In the excitement over the allocation of bank licences for the private sector, a new category of licence offered by the Reserve Bank of India (RBI) last year went almost unnoticed. That was when the RBI consolidated the rules for prepaid payment instruments (PPI), popularly understood as e-wallets or gift cards. In the process, the regulator has fast-forwarded a bottom-up card usage industry in India that is completely different from the world of bank-linked credit and debit cards.
The many shortcomings of AadhaarRediff.com14 Apr 2022
Aadhaar is falling behind on technology, missing out on confidentiality and has gaps in its data archiving policy and preserving confidentiality in delivery of the cards to people, says a report by the Comptroller and Auditor General of India (CAG). The performance report, 'Functioning Of Unique Identification Authority Of India', tabled in Parliament on the last day of the budget session notes, assigning a unique identity to all resident Indians was supposed to be the key feature of Aadhaar. But "There were instances of issue of Aadhaar with the same biometric data to different residents indicating flaws in the de-duplication process and issue of Aadhaar on faulty biometrics and documents". It says close to half a million such records had to be cancelled by the Unique Identification Authority of India up to 2016.
Sagarmala project: Poor planning on container traffic haunting shippersRediff.com31 Mar 2022
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
India may not get to play a major role in reconstruction of UkraineRediff.com16 Mar 2022
Reconstruction efforts after the Russia-Ukraine war will be dominated by the heft of the membership of major nations across international organisations. India is hamstrung because it does not play host to any major global institution nor does it hold positions of significant influence in the ones in which it has membership. As a result, the world's sixth largest economy is obliged to follow the rules set by most of them.
IPO Is Right Time For LIC To Take Hard DecisionsRediff.com2 Mar 2022
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
Record Rs 32,000 Crore Seized in Tax RaidsRediff.com24 Jan 2022
Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.
Divestment's Tough Climate Call: The hurdle in govt's fund-raising pathRediff.com4 Jan 2022
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
What does the future hold for NaBFID?Rediff.com21 Dec 2021
This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.