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.
To invest Rs 5,000 crore in the projects, to be completed in four years.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
Sectors which attracted maximum foreign inflows during April-June 2019-20 include services (USD 2.8 billion), computer software and hardware (USD 2.24 billion), telecommunications (USD 4.22 billion), and trading (USD 1.13 billion), the commerce and industry ministry data showed.
India is the chair of Convention on Biological Diversity till 2014. India has the chance to lead the world with setting high standards on biodiversity protection within India and with operations outside. We should also shift our energy paradigm slowly away from dirty destructive practice of coal mining into cleaner sources of energy, says Nandikesh Sivalingam.
Sectors which attract maximum foreign inflows include services, computer software and hardware, telecommunications, automobile and trading.
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 statement comes in the wake of reports that warned of power crisis looming large due to the coal shortage in the country.
If investors still have appetite to buy shares in one of the region's most expensive markets, Coal India might stack up.
Major corporates are staring at an uncertain future after investing substantially on their projects
Adani Enterprises recently also inked a pact to buy out Linc Energy's royalty rights from the Carmichael coal project for AUD155 million.
The project, located 65 km north-west of the Alpha township, will rely on the railway infrastructure of the Alpha Coal project to transport coal to the Port of Abbot Point, Bowen.
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RPG Industries, Hindalco, SAIL, Jindal Steel, Monnet Ispat, GVK Power and Jaiprakash Associates among companies summoned for review.
While there are some new faces in the cabinet, leaders such as BJP president JP Nadda and Jual Oram have returned as ministers.
Iron ore miner NMDC is set to buy two Australian iron ore mines
Rigorous pumping of water from the nearby abandoned mines is expected to begin on Friday.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Billionaire Gautam Adani-led promoter group has paid off all of the $2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in a statement termed reports of the group not completing repayment of $2.15 billion share-backed debt "baseless and deliberately mischievous." "Adani has completed full prepayment of margin linked share-backed financing aggregating to $2.15 billion (as was announced on March 12) and all corresponding shares pledged for those facilities have been released," it said.
The government on Thursday announced that state-owned Coal India is likely to enter the international market.
Power and Coal Minister Piyush Goyal warned that it would take years to alleviate coal supply shortages, which have reduced stocks at thermal power stations to their lowest since a huge blackout in 2012 cut off 620 million people.
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.
While the past year has been full of controversies, the next promises a better regulatory regime.
Chhattisgarh was in news in 2012 mostly for wrong reasons as it witnessed the abduction of an IAS officer and the killing of his two bodyguards, the gunning down of 19 suspected Maoists in an encounter and irregularities in coal mining but students from Naxal-hit areas brought glory with their commendable performances.
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.
Contests in 13 seats would attract most attention during the Chhattisgarh assembly elections as they feature prominent leaders of the Congress and BJP.
Within a month of the Comptroller and Auditor General of India (CAG) tabling the coal block allocation report in Parliament in August last year, the Central Bureau of Investigation (CBI) filed a First Information Report (FIR) against Hyderabad-based Navabharat Power Private Ltd for the coal block allotted to it in Odisha in January 2008.
In the wake of fresh charges levelled by social activist Arvind Kejriwal against Sonia Gandhi's son-in-law Robert Vadra, the Bharatiya Janata Party on Tuesday demanded Congress and UPA ministers stop defending him and order a fair, free and comprehensive inquiry into his business dealings.
Metal and mining companies, such as Tata Steel, JSW Steel, Hindalco, and Coal India, have been among the top-performing sectors on the bourses in recent months. The S&P BSE Metal Index is up 13 per cent in the past three months, rallying 29 per cent in the past year, outperforming the broader market. For comparison, the benchmark S&P BSE Sensex has only seen a 1.7 per cent increase in the past three months, with a 15 per cent gain since the end of September last year.
Agitated over its finding in the coal mine allocation issue, Congress on Monday targeted the Comptroller and Auditor General again by utilising the opinion of the Supreme Court on the 2G spectrum issue. Noting certain observations of the apex court in the 2G case, spokesperson Manish Tewari said, "If the Supreme Court can be so circumspect in its observations, is it not essential that other constitutional bodies, especially the CAG, should follow suit?".
More shares belonging to companies of the embattled Adani Group have been pledged as security for loans taken by the group's flagship firm, a trustee said. SBICap Trustee in notices to stock exchanges said that a further 0.99 per cent shares in Adani Green Energy Ltd were pledged "for the benefits of the lenders" of Adani Enterprises Ltd. An additional 0.76 per cent shares in Adani Transmission Ltd were also pledged to banks, the trustee said. SBICap, which is a unit of State Bank of India (SBI), however did not give details of the loans taken by Adani Enterprises for which the pledge was created.
As China continues to wobble from the global recession -- with real estate as well as the entrepreneurial index considerably down, especially around the Pearl Delta -- new windows of opportunities are opening for India to enhance its own market leverage over China, analysts say.
Fifty-three people were feared trapped inside a Bharat Coke and Coal Limited mine at Bhat-Dhi near Dhanbad due to water-logging after an explosion inside the mine.
The degeneration of the health conditions of the people, especially tribal women and children, and water contamination are some of the most serious impacts of coal mining in Jharkhand, notes Nitish Priyadarshi.
There's a straightforward relationship between economic activity and power consumption. If economic activity increases, so does power consumption. Since the latest GDP (gross domestic product) data indicates India's growth rates exceeded expectations in the second half if the 2022-23 financial year (H2FY23) and GDP estimates of FY24 are strong, we would expect power consumption to rise as indeed it has. There is also a direct relationship between power consumption and National Thermal Power Corporation or NTPC's results since the public sector undertaking (PSU) is the largest power generator in India.
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.
Union minister for coal and mines Mamata Banerjee on Monday announced 15 per cent interim relief for coal miners and employees and said no collieries would be closed and no retrenchment would be made.
On skeletons being seen by the Navy team, the sources said the water inside the mines has high Sulphur content which can decompose the bodies very fast.
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