Pollution is not merely the price to be paid for growth; it is also a drag on the same growth.
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.
'For the last two elections, the Congress manifesto has been thrown into the dustbin.' 'This manifesto will also be thrown into the dustbin.'
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 power sector is always strongly correlated to economic activity and is receiving its share of investor attention as India's post-Covid-19 recovery continues. India's leading integrated power producer, the public sector undertaking (PSU) NTPC controls around 25 per cent of India's power capacity. It continues to increase installed capacity, in thermal as well as renewables (solar, wind, green hydrogen) and hydropower and pumped hydro, and also has backward integration into coal mining, and explored nuclear.
He is known for his paperless style of working.
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.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
The Bharatiya Janata Party on Thursday accused the government of not cooperating with the Central Bureau of Investigation in the coal scam by dilly-dallying on sharing relevant files with the probe agency and demanded that the computers in the Prime Minister's Office, which store such information, should be seized for "data mining".
Shares in Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday.
Any delay in passing the coal bill may cause a crisis in the coal sector which would also affect the power sector.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
India's largest initial public offering (IPO), to be floated by Coal India Ltd, is generating enormous interest in the grey market. Investment bankers and stockbrokers that control this unregulated market are already trading CIL shares at a Rs 10-12 premium - even before the price band or issue date have been officially announced.
Sajjan Jindal's JSW Energy moved a step closer to securing its coal requirements, signing a definitive agreement with the management of CIC Energy on Wednesday, to buy them out and take control of the Toronto-listed company. CIC Energy has an 'A-grade' mining-cum-power complex called the Mmamabula Energy Complex in Botswana, Africa. The field there is estimated to have 2.6 billion tonnes of high-thermal coal, mostly above 6,000 Kcal/kg of calorific value.
Govt is selling a stake in Coal India worth around $3.7 bn.
India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday. The gross domestic product (GDP) expanded by 6.2 per cent in the July-September quarter of 2022-23. India remained the fastest-growing major economy, as China posted a 4.9 per cent growth in July-September 2023.
Anil Agarwal-led Vedanta's Sterlite Copper has come out with a fresh notification inviting expressions of interest (EoIs) to supply raw materials like copper concentrate, imported thermal coal, rock phosphate and petroleum products, among others, as part of its preparatory measures to restart production at its Thoothukudi unit in Tamil Nadu. This plant is likely to restart operations if a Supreme Court verdict goes in favour of the company. On June 12, the company had invited EoIs for carrying out plant 'restart activities'.
Delhi's 24-hour average air quality index (AQI) stood at 248 on Saturday.
Replying to questions on Dr Singh's statement on Thursday that he was ready to face CBI in the matter as he has nothing to hide, Congress spokesperson Randeep Singh Soorjewala said that the prime minister has "stated the obvious as nobody in the country is above the law".
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
An impartial probe into the coal scam can only take place once Prime Minister Manmohan Singh steps down from office, Bharatiya Janata Party said on Friday in reaction to his offer to face CBI in a coal block allocation case.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
Not only do you need an effective and independent regulator, you also need competition to flourish.
The incident took place at the unit, located 40 km from Nagpur, causing severe damage to the building, an official at Kondhali police station said.
Coal Secretary Anil Swarup has been appointed as school education secretary.
The immediate denial of any issues with approvals by the Queensland government raises questions as to what Adani is trying to accomplish
While some states have kicked in their heat action plans, experts feel this is not enough to tackle the current extreme weather.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Adani's $15-billion Carmichael coal mine is stuck since 2010.
Cement companies posted mixed figures for the first quarter of the 2023-24 financial year (Q1FY24). Volume growth was robust at 17 per cent year-on-year (Y-o-Y) - on an aggregate basis - for 15 cement companies, with revenue growth at 15 per cent. Aggregate earnings before interest, taxes, depreciation, and amortisation (Ebitda) were up 8.8 per cent Y-o-Y and 1.2 per cent quarter-on-quarter (Q-o-Q).
The output of eight core sectors grew by 11.6 per cent in August, mainly due to an uptick in the production of cement, coal, and natural gas, official data showed on Thursday. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 6.9 per cent in August 2020 due to the nationwide lockdown imposed to control the spread of COVID-19. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Russia's war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That's because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Russia and Ukraine are major providers of steel and raw materials to the world.
Attacking the Congress, Prime Minister Narendra Modi on Friday said the country has suffered due to 'backseat driving' and 'remote control' and warned people of Assam against an unstable government in the state.
Three bills were introduced in Lok Sabha on Tuesday amid uproar with members from Left parties trooping into the Well to protest against rising prices of onion while other members raised the Telangana issue.
The government will announce minimum support prices for kharif.
'Pollution acts as an endocrine disruptor.' 'When it acts as an endocrine disruptor it has an effect on the endocrine system of the human body and the effect on the pancreas is an important one.' 'The way you get type two diabetes is due to two defects.' 'One is the pancreas doesn't produce enough insulin.' 'The other physiological defect is insulin resistance.'
With the prime minister wanting to send the message that he has not been part of any cover-up in the coal scam, Ashwani Kumar's case is looking more and more dismal, reports Sheela Bhatt
Inflation will persist until supply increases. So supply has to be addressed through structural reforms such as in telecom and power.
Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
P Chidambaram says all options are on the table.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances