The government is keen to amend the MMDR Act for transparency in the mining sector.
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms for delays in commencing production from mines allocated to them.
The government, which currently holds 29.5 per cent stake in HZL and 49 per cent stake in Balco, is looking at exiting from the two firms in which Anil Agarwal-led Vedanta Group holds majority stake.
A government panel said policymakers and regulators should have an open mind regarding the introduction of an official digital currency in India.
Parliamentary standing committee on labour, led by Biju Janata Dal MP Bhartruhari Mahtab, has said in its report that it is unjustifiable for owners to pay workers' wages during natural calamities.
Launching the scheme, Modi said during the nationwide lockdown, the talent from cities returned to villages and it will now give a boost to development of rural areas. The 'Garib Kalyan Rozgar Abhiyaan' will be implemented on a mission mode in 125 days in 116 districts of six states -- Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and Odisha -- that received the maximum numbers of migrant workers back.
"FDI doesn't benefit any country; these investors are exploiting us," Says Madhav Gadgil.
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.
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
The notice came after reports that political parties had used the data analytics firm during elections.
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
The mining ministry's inordinate delay in giving approval to group firm Hindustan Zinc to buy London-based Anglo American's zinc mines has forced the company to route it through Sterlite.
Russia has been grappling with sanctions slapped by the US and its allies over Moscow's invasion of Crimea.
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
A CCEA meeting is scheduled for tomorrow but the approval for the Cairn-Vedanta deal is not listed on its agenda so far.
The PM-elect wants to fix the coal sector; cut coal imports by boosting output.
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Delayed clearances for coal blocks, as well as companies' own failure in developing mines, appear to have had a financial implication of Rs 1.46 lakh crore (Rs 1.46 trillion) for the country.
'The present government swears by Hinduism. But we lost three of our sants during earlier BJP regimes.'
In many cases, all that is required is a final letter from the ministry
Vedanta Group, which was denied mining rights in Orissa's Niyamgiri hills, on Thursdaysaid it will not pull out of the state.
Aditya Aluminium project ready but clearances still stuck for mine
The Cabinet may on Thursday take a decision on the draft Bill for setting up the coal regulatory authority.
'Toll system can never end though the rates may vary from time to time. Toll is my brain child'
Under attack for several files pertaining to coal block allocations going missing, Coal Minister Sriprakash Jaiswal said that he had asked officials to locate the missing papers by Tuesday and hinted the Central Bureau of Investigation may be asked to look into the case after that.
The government on Friday said that some of the coal blocks lying in the "no-go" areas, which could not be used for mining, may be shifted to the go-areas, a move to expedite clearance for ultra mega power projects.
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
M Veerappa Moily's takeover of the environment & forests ministry last month, it appears, is turning out to be a blessing for Coal India Ltd (CIL), the world's largest coal producer.
In the second expansion in three days, Karnataka Chief Minister D V Sadananda Gowda on Thursday inducted five ministers of cabinet rank into his ministry, but kept out the controversial Reddy brothers.
Gautam Adani, promoter of Adani Power Ltd, has a reason to relax, even as the power arm of his group of companies continues to make losses for an eighth straight quarter.
Over two lakh posts are estimated to be created by the Central government in its various departments.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
The government clarified that the majority of industrial establishments had reported nil production, and cautioned that the numbers should not be compared with those of previous months. "It is not appropriate to compare the IIP of April 2020 with that of earlier months, and users may like to observe the changes in the IIP in the following months," said the ministry of statistics & programme implementation.
Pawar alleged that the Centre neither consulted states this time, nor it called any meeting with state agriculture ministers before preparing these bills.
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.
The US is not in a forgiving mood for being humiliated in such a manner by an insurgent force and made to look 'loser' internationally, predicts Ambassador M K Bhadrakumar.
Their coal block bids may be referred to CCI.
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