Court says no evidence of cartel in low bids for coal blocks.
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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 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.
The Comptroller and Auditor General on Tuesday declined to join a public debate on the controversies over its findings on the coal blocks allocation, which have come under attack from Prime Minister Manmohan Singh, the Congress and critics.
In an apparent U-turn, the Central Bureau of Investigation, which had filed a closure report in a coal blocks case involving industrialist Kumar Mangalam Birla, former coal secretary P C Parakh and others, on Monday told a special court there was enough evidence against the accused to take cognisance of offences.
'We are planning load shedding in such a way that the entire state will not suffer.'
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".
Fakira Dingaleshwar Swami of Shirahatti Fakkireshwar Math, a prominent Veerashaiva Lingayat seer, on Monday said he has decided to contest as an independent candidate from Dharwad segment in the upcoming Lok Sabha polls.
Aided by robust demand, automobile retail sales in India rose by 11 per cent last year as compared to 2022, dealers' body FADA said on Monday. The overall domestic automobile retail sales stood at 2,38,67,990 units in the 2023 calendar year as compared to 2,14,92,324 units in 2022. Passenger vehicle sales stood at 38,60,268 units last year, up 11 per cent from 34,89,953 units in 2022.
Select committees on Mines and Minerals Amendment Bill and Coal Mines Bill recommended their approval without any change
Samariya, the first Dalit to have been appointed to the post, was working as information commissioner in the transparency panel Central Information Commission (CIC). A 1985-batch Indian Administrative Service (IAS) officer of Telangana cadre, Samariya retired after serving as the labour and employment secretary in the Government of India. He was sworn in as the information commissioner on November 7, 2020.
Ministers are forbidden to have any connections with businesses that are related to the work they conduct for the government.
The Union Government on Thursday said that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. "Geological Survey of India for the first time established Lithium inferred resources (G3) of 5.9 million tonnes in the Salal-Haimana area of the Reasi district of Jammu and Kashmir," the ministry of mines said on Thursday.
At the Silkyara tunnel in Uttarkashi, at least 12 experts have been called by Trenchless Engineering Services Private Limited and Navayuga Engineers Private limited for applying the rat-hole mining technique horizontally in the collapsed part of the main structure.
Narendra Modi on Thursday trained his guns on Sonia Gandhi, saying she should speak up on coal and 2G spectrum scams as he alleged that the Congress was "misleading" the country on issues like development, inflation and employment generation.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
The Bharatiya Janata Party on Sunday rejected the Congress' attempts to shift the blame on BJP-ruled state governments on the coal block allocation issue and offered readyness to face a Central Bureau of Investigation probe if any of its governments' recommendations turned out to be malafide.
The "load shedding", which entails compulsory power cuts in select areas, will be carried out both in urban and rural areas, the Maharashtra State Electricity Distribution Company said in a statement.
The Prime Minister's Office on Tuesday reviewed the coal supply and power generation scenario as the government looks at ways to defuse the energy crisis being faced by several states.
Terminal Zero will be constructed at the port of Abbot Point near Bowen town, Queensland, as per the Memorandum of Understanding inked between the company and Korea's POSCO.
The Supreme Court on Wednesday stayed the summons to former Prime Minister Manmohan Singh and 5 others by a trial court over the coal scam.
The new timing will remain in force till July 15 and result in an estimated saving of Rs 40-42 crore during the two-and-a-half month period, said Mann who, along with his staff, arrived at the Civil Secretariat in Chandigarh at 7.28 am.
The gangster-politician was booked in 65 criminal cases ranging from murder to extortion and was elected an MLA five times on the tickets of different political parties.
Proceedings in Rajya Sabha were repeatedly disrupted on Wednesday due to uproar over demand for Gujarat Chief Minister Narendra Modi's resignation and missing coal files, on which the Bharatiya Janata Party targeted Prime Minister Manmohan Singh.
Govt fine-tunes strategies for smooth passage of mines and coal Bills.
The statement comes in the wake of reports that warned of power crisis looming large due to the coal shortage in the country.
Union Health Minister Harsh Vardhan on Monday said 28,252 cases of mucormycosis have so far been reported from 28 states/UTs in the country, of which 86 per cent cases have a history of COVID-19 and 62.3 per cent with a history of diabetes.
Adani described the meeting as warm and productive.
Coal Minister Sriprakash Jaiswal on Thursday said mining should be allowed in 90 per cent of the areas classified as no-mining zones by the Environment Ministry and a proposal will be tabled before Cabinet soon, after ascertaining the views of different ministries.
Contests in 13 seats would attract most attention during the Chhattisgarh assembly elections as they feature prominent leaders of the Congress and BJP.
Modi orders coal, insurance sector reforms.
Here is a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the ruling Congress in Chhattisgarh.
The e-auction is seeing aggressive bidding.
State-owned Coal India is likely to get listed by October and may be accorded Maharatna tag by 2010 end, while BHEL has to wait for at least a year to be awarded with the coveted tag, a senior official said on Friday.
The Cabinet Committee on Economic Affairs on Wednesday approved seven multi-tracking projects of Indian Railways at an estimated cost of around Rs 32,500 crore, Union minister Ashwini Vaishnaw said. The proposed projects, which will be fully funded by the Centre, will help increase the existing line capacity, smoothen train operations, reduce congestion and facilitate ease of travelling and transportation. The projects covering 35 districts in nine states -- Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, Maharashtra, Gujarat, Odisha, Jharkhand and West Bengal -- will increase the existing network of Indian Railways by 2,339 km and provide employment of an estimated 7.06 crore man-days to the people of the states.
Lack of numbers would upstage it in Rajya Sabha
In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.
Analysts seem to be generally pessimistic about Bharat Heavy Electricals (BHEL). Out of 15 brokerages with recommendations since May this year, two have 'buy' while five have 'sell' and eight have 'underweight'/'reduce'/'underperform'/'hold' recommendations. The average target price of the public sector undertaking (PSU) is Rs 61. However, the stock has been consistently hitting new highs, which indicates that there is some kind of valuation mismatch.
CBI sleuths conducted raids at three houses of Ghatak in Asansol in Paschim Bardhaman district and one in Lake Gardens area of Kolkata.
