Euphoric about India's biggest IPO, possibly to garner up to Rs 15,000 crore, from the world's largest coal producer CIL, Coal Minister Sriprakash Jaiswal on Friday said October is an "auspicious" month to launch the issue.
Australia will join the United States in a diplomatic boycott of the Winter Olympic Games in Beijing, Prime Minister Scott Morrison said on Wednesday, as other allies weighed similar moves to protest China's human rights record.
Infrastructure ministries asked to quickly resolve issues.
He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.
Rejecting Opposition's demand for the booking of Prime Minister Manmohan Singh in the coal scam following filing of charges against former coal secretary PC Parakh, Union Minister Manish Tewari said "there is a difference between an administrative head and the political head of the ministry".
The eight sectors, which also include fertilisers, steel, natural gas, electricity and crude oil, had expanded by 1 per cent in June last year.
The government will seek Parliament's approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant. Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of Rs 25,000 crore as capital expenditure (capex) on roads, defence, water supply, urban development and domestically produced capital equipment. Besides, the central government approved issuance of a special interest-free 50-year loan to states of Rs 12,000 crore for infrastructure development.
Arun Bhagat, former Central Bureau of Investigation additional director and Intelligence Bureau retiree tells Gyan Varma that the CBI has never been autonomous, thanks to government interference in cases involving important personalities
Their coal block bids may be referred to CCI.
Singapore continued to be the largest source of FDI in India followed by Mauritius, the US, the Netherlands and Japan.
Now, the chief minister is under pressure to make good his promise after the December 4 incident in Nagaland's Mon, where 14 people were killedAFSPA has eclipsed all other achievements of the Biren Singh government.
The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 5.7 per cent in January 2016.
It was 55.3 per cent for the same period last year, and data shows the fiscal deficit for April-May was kept in reasonable check in spite of heavy frontloading of expenditure.
Goyal is expected to discuss the targets for the banks for 2019-20, as well as priority sector lending, recovery on non-performing assets, and the bankruptcy proceedings of various companies, which owe money to the banks.
India's ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdles if Indonesia, the second largest supplier of thermal coal, goes ahead with plans to cap coal exports to serve domestic demand.
As part of the National Democratic Alliance government's media blitzkrieg to highlight achievements made during its one-year rule, three Union ministers will participate in a 'talkathon' session today during which they will answer questions posted on Twitter.
The draft environment impact assessment (EIA) notification, 2020, which involves the procedure of issuing environmental clearances to various projects, was issued by the Environment Ministry in March this year and has received thousands of suggestions from the public.
Cumulatively, the eight core sectors grew by 4.2 per cent in 2017-18, lowest in the last three financial years.
There is no direct impact of the Russia-Ukraine crisis on India in terms of bilateral trade but a surge in oil prices poses considerable risk to the economy, an analyst report said on Friday. International oil prices which have surged past $100 per barrel "pose risks to external stability and currency movement," a Bank of Baroda Economics Research report said. Russia has launched military operations against Ukraine, stoking fears of significant disruption in the region, including loss of life. The West is ramping up financial sanctions against Russia and support for Ukraine.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
An inquiry has been ordered by the Director General of Mines Safety and a high-level committee of experts has been constituted by Coal India to investigate the causes of the accident.
CBI is likely to examine soon Hindalco chairman Kumar Mangalam Birla and former Coal Secretary P C Parakh, who are named as accused in the FIR related to Talabira coal block allocation to Hindalco, as it wants to expedite probe.
The issue of missing files relating to coalgate paralysed proceedings in Parliament on Tuesday with the Bharatiya Janata Party demanding an immediate response from Prime Minister Manmohan Singh, even as the government said it will leave no stone unturned in tracing the documents.
In October 2015, the sectors had witnessed a growth of 3.2 per cent.
The highest water-use efficiency of more than $ 50 per cubic metre is in Oceania, Australia, New Zealand, Singapore, Israel, Denmark, Finland, and Great Britain while the lowest is in Central and South Asia, including India, at less than $ 10 per cubic metre.
IIP is expected to post a subdued volume growth in February 2017
Bids for eight coal blocks were sent for re-examination.
The first firing which killed six civilians, occurred when army personnel mistook coal mine workers returning home in a pick-up van singing songs on Saturday evening, to be insurgents belonging to the Yung Aung faction of the banned outfit National Socialist Council of Nagaland-Khaplang (NSCN-K), about whose movements they had been tipped-off.
The government on Wednesday expressed disappointment over a French company snapping up Mahatma Gandhi's Johannesburg house, through Sotheby's auction firm, but said it will continue efforts to acquire the heritage property through a public sector company."The matter concerns national sentiment and I will leave no stone unturned to acquire the historic property and declare it a national monument," said Union Coal Minister Sriprakash Jaiswal.
The Central Bureau of Investigation is likely to file cases against the government of Odisha, Jharkhand and against several chief secretaries, and government officials who have dealt with coal allocation.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
There is a strong hint that the proposed IPO will be of 11 per cent instead of the earlier plan of 15 per cent (10 per cent public, 2 per cent employees and 3 per cent land losers).
Amidst ongoing efforts towards dewatering the ill-fated Bansgarha mine of Central Coalfields Limited in Jharkhand in which 14 miners are trapped, the defence ministry has been requested to send naval divers to bolster the rescue operation.
The Prime Minister's Office has replied to the allegations of corruption made by Team Anna in the allotment of coal blocks during 2006-2009 when Prime Minister Manmohan Singh was in charge of the ministry. However, Team Anna finds most of the PMO clarifications unsubstantial. In a press communique released on Friday, Team Anna rebuts PMO's clarifications point-by-point. We reproduce the press release verbatim:
The Supreme Court on Tuesday a plea seeking its direction to the Central Bureau of Investigation to name Prime Minister Manmohan Singh in its First Information Repotfiled against industrialist Kumar Mangalam Birla and former Coal Secretary P C Parakh in a coal block allocation case.
A Greenpeace India member was barred from boarding a flight to London on Sunday.
Import segments which recorded negative growth include gold, silver, transport equipment, coal, fertiliser, machinery and machine tools. However, exports of oil seeds, coffee, rice, tobacco, spices, pharma, and chemicals reported positive growth in June.
Cement production contracted by 2.7 per cent as against an expansion of 6.2 per cent in October 2016.
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