In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
The exact case in connection with which the searches were being conducted was not yet known.
China wants to turn coal in remote areas into gas and then pipe it to cities.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
Exceptions were made for ultra-mega power plants, such as the one at Sasan, which the court observed were not under consideration, and for coal blocks attached to the power and steel companies controlled by the central government.
Splitting Coal India Limited could increase competition and hence make production more efficient, but opinion is building against it.
Over eight million deaths in 2021 were attributed to air pollution, affecting both children and adults alike.
Major corporates are staring at an uncertain future after investing substantially on their projects
Coal industry expert Sunjoy Joshi tells Sheela Bhatt/Rediff.com that the NDA's e-auction of coal blocks will not solve the fundamental problems that dog the industry.
The Centre on Thursday admitted before the Supreme Court that something went wrong with the coal blocks allocation and that it could have been done in a more refined manner.
PSU, other govt bodies told to explain delay on developing the concessions for years.
Minster of State in the Prime Minister's Office V Narayansami today said Centre is examining demands for including coal block allocations made during national Democratic Alliance rule within purview of Central Buerau of Investigation probe.
The court posted the matter for September 26 after the CBI informed that it was likely to file a supplementary final report in the case by September 22.
Eleven mine workers were killed because of carbon monoxide poisoning in a coal mine in northern China. They died after an air compressor caught fire inside the mine in north China's Hebei Province, local authorities said on Friday.
Realistically, coal will be the major fuel for electricity generation in India, as in America, for a long time.
A change in recommendation in favour of Birla did certainly happen but the question is whether it was a bona fide decision. Jyoti Mukul reports
Union Rural Development Minister Jairam Ramesh on Thursday said it was not possible to cancel all the coal block allocations but asserted that no one, even if a minister or a senior official, would be spared if found involved in the coal scam.
The Coal India offering would follow a 5 percent stake sale in state-controlled Oil and Natural Gas Corp, worth $2.8 billion and slated for December.
Worried over the fallout of the Supreme Court's observations on allocation of coal blocks, India Inc wants the apex court to consider a reprieve for those allotted to genuine companies that have invested billions.
PSUs will get direct allotment.
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
The Central Bureau of Investigation is likely to register more than one first information reports in the alleged irregularities in allocation of coal blocks after it came across several cases of violation of norms by state government officials and allottees.
The Bharatiya Janata Party on Thursday alleged that Prime Minister Manmohan Singh had been "economical with the truth" in his statement in Parliament on the coal block allocation issue as his allegation that states had objected to auctions is baseless as borne out by letters of chief ministers.
Company looking for acquisition of coal properties abroad.
The Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia.
States are planning to pass resolutions in their legislative assemblies; however, such tactics will be used as the last resort if the Centre continues to stall allocations.
This is the first coal scam case in which the special court has delivered its judgement.
Govt has allowed transfer of clearances granted to the previous allottees to new owners.
The Supreme Court on Friday ordered withdrawal of the Look Out Circular (LOC) issued against Trinamool Congress MP Abhishek Banerjee and his wife Rujira in connection with the money laundering cases against them linked to an alleged coal smuggling scam in West Bengal.
In 2014, the Supreme Court of India revoked the allocation of more than 200 coal blocks which were sold by the government
90 prominent Australians warn Indian energy giant Adani that its controversial coal mine project in Queensland could damage bilateral ties and even affect sporting links.
The coal-gate involving Prime Minister Manmohan Singh in allocation of the coal mines to private parties is set to put Parliament on fire beginning its monsoon session on Wednesday as the CAG report is ready for presentation which will provide ammunition to opposition to fire at the government for the massive scam.
State-owned NTPC is likely to pick up stake in two coal mines in Indonesia, a move that would help the company secure its raw material requirement.
The CBI opposed the plea seeking summoning of former prime minister Manmohan Singh and two others as additional accused in a coal scam case.
India plans to double coal production by 2020
Soren, addressing a rally in Bhognadih on the occasion of 'Hul Diwas', also claimed that the saffron party has turned 'jittery' after his release from jail and its leaders are 'conspiring' against him again.
The Union Cabinet had last week decided to disinvest 10 per cent of its holding in the world's largest coal producer.
