The Environment and Forests Ministry was in news throughout 2010 -- be it for Vedanta Resources, Posco and Lavasa -- or for Jairam Ramesh's aggressive green activism.
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.
The Petroleum Ministry may have watered down its preconditions for approving mining group Vedanta Resources' acquisition of Cairn India, but the $9.6 billion deal will still hinges on no-objection from partner ONGC.
If the power plants are reporting low coal stocks with them, it is largely because they have improved their power generation to meet higher demand.
'Toll system can never end though the rates may vary from time to time. Toll is my brain child'
'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.
The decision comes after Australian mining major BHP Billiton said it would not improve the terms of its bid. BHP Billiton, the largest mining company in the world, and new entrant GVK Oil and Gas were the sole bidders for five deepwater blocks and hence the provisional winners after the bidding closed on June 30 this year.
Bids for eight coal blocks were sent for re-examination.
India is expected to cut imports by a fifth in the fiscal year.
For the first time, Subramanian said, "the Economic Survey has embraced Big Data, and we mine this data to shed new light on the flow of goods and people within India."
Prime Minister Manmohan Singh on Friday made a scathing attack on the Bharatiya Janata Party in the Rajya Sabha, accusing them of hurting investors' sentiment by repeatedly disrupting Parliament, triggering a war of words.
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.
Shares in Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday.
Karnataka Chief Minister Siddaramaiah on Saturday expanded his cabinet with the induction of 28 ministers. Twenty were made cabinet ministers and eight ministers of state. They were administered oath of office by Governor H R Bhardwaj at a ceremony at Glass House at Raj Bhavan.
To ensure smooth allocation of 204 cancelled coal blocks, the government has set up a high-level inter-ministerial panel that would provide advise on policy issues and interact with the industry.
The Vedanta Group, which was issued a show cause notice for allegedly flouting environment laws, will appear before the Union Ministry of Environment and Forest (MoEF) on Thursday
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
Figures compiled by the Directorate General of Commercial Intelligence & Statistics, under the commerce ministry, showed India's iron ore exports jumped a whopping 157 per cent to 121 million tonnes in 2012-13, compared with 47 million tonnes a year ago.
The mines ministry has put a conditional offer to offload 10 per cent stake in Nalco, saying that the money accrued from such a sale would be invested in the PSU.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
Reliance Power Limited, the flagship company of the Reliance Anil Dhirubhai Ambani Group (ADAG), plans to invest about Rs 2,500-3,000 crore (Rs 25-30 billion) over a period of three years, to develop three coal mines to fuel its Sasan Ultra Mega Power Project in Madhya Pradesh. Reliance Power currently has access to coal reserves of about one billion tonnes in India and abroad, including a coal mine in Indonesia, which it acquired recently.
These next generation ships can patrol the oceans for three or four months compared to the navy's current patrol boats, which can be at sea for a maximum of 45 days.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
The mines ministry has sought Prime Minister Manmohan Singh's intervention in bailing out aluminium giant Nalco of the acute paucity of coal, which has forced the PSU to close down two of its captive power plants.
India is now a biz friendly nations, say Arun Jaitley.
The government is likely to allow FDI in high speed trains and other projects.
The jets destroyed two camps of the Liberation Tigers of Tamil Eelam in Mullaitivu district
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.
Some new sectors in which the commerce ministry has proposed to allow foreign direct investment (FDI) are credit information companies and commodity exchanges. The ministry is in favour of allowing up to 49 per cent FDI proposed in both these sectors. In proposing to open up the commodity sector, the ministry has said that FII investment be limited to 24 per cent, with a condition that a foreign investor cannot hold more than 10 per cent equity in the investing companies
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.
In latest move, ministry of mines removes B L Bagra
Bhatnagar is expected to take charge of the CRPF later this week as he is on an official assignment in Indonesia in the capacity of NCB DG.
The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of monetary policy makers.
The ministry has also noted the controversial proposal of opening up the coal sector and restructuring of CIL.
Lucknow's Hazratganj police station on Saturday refused to register an FIR by IPS officer Amitabh Thakur, who was allegedly threatened by Samajwadi Party supremo and former chief minister Mulayam Singh Yadav.
In the first sign of dissidence in Karnataka's ruling Bharatiya Janata Party a day after change of guard, 12 disgruntled legislators who failed to get ministerial berths met under the leadership of former minister and mining magnate Karunakara Reddy in Bengaluru.
Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore (Rs 600 billion) provident fund corpus of coal industry workers.
'The present government swears by Hinduism. But we lost three of our sants during earlier BJP regimes.'
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
