The Union government has threatened to cancel coal block allocations of as many as 17 companies for failure to develop those allotted to them years before. These include big companies such as Tata Iron and Steel, Sterlite Energy, GMR Energy, ArcelorMittal India, Reliance Energy, GVK Power, Lanco Group and Rungta Mines.
The Opposition on Monday vociferously raised in the Rajya Sabha the issue of crucial files of the coal ministry going missing, alleging that it was a conspiracy to save Prime Minister Manmohan Singh in the multi-crore-coal block allocation scam being probed by the Central Bureau of Investigation.
CBI sleuths conducted raids at three houses of Ghatak in Asansol in Paschim Bardhaman district and one in Lake Gardens area of Kolkata.
the coal mine, in a disused tunnel, started to spontaneously combust when 13 miners were reinforcing it. The leaked gas lit and caused an explosion.\n
Singapore continued to be the largest source of FDI in India followed by Mauritius, the US, the Netherlands and Japan.
Earlier this year, the Union Cabinet gave the management of state-run companies the freedom to decide on divesting their subsidiaries. However, the very next day a meeting was held at the top level of the Government of India, for the presentation of proposals for more autonomy for state-run companies. Interestingly, no chiefs of any of these companies were invited. It is a problem that will stare the government in the face with the state-owned banks too, as talks have again begun for inviting strategic investments in these companies.
The much-delayed insurance bill and the goods and services tax bill are among the 39 bills that are expected to come up during the month-long Winter Session of Parliament beginning next week.
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
The government on Monday came under sharp attack on the issue of crucial files of Coal ministry going missing, with the Opposition alleging that it was a conspiracy to save Prime Minister Manmohan Singh in the coal block allocation scam and demanding an impartial probe into it.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
The feasibility study, to be taken up by a private firm, will be funded by the US Trade and Development Agency aimed at setting up facilities for capturing CBM, commonly known as natural gas. The grants of $524,819 is meant to tap the opportunities in using technologies for capturing natural gas from the coal blocks.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
Coal behemoth CIL on Monday came out in support of the government proposal that miners share 26 per cent of profits with local people affected by their projects, while Tata Steel toned down its stance on the issue.
The G20 leaders will deliberate on pressing global issues at the grouping's annual summit here on September 9 and 10. India is hosting the summit in its capacity as the current G20 chair.
The new mining policy must be rock solid
Unfazed by the stalemate over the Sadhvi Niranjan Jyoti issue, government has lined up a heavy legislative agenda in Parliament this week including a bill seeking to replace coal blocks allocation ordinance.
Rajya Sabha will sit for late hours in last week of the first half of the budget session from Monday to clear the pending legislative and other businesses.
Company looking for acquisition of coal properties abroad.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
West Bengal Chief Minister Mamata Banerjee on Thursday said that the state received investment proposals worth Rs 3.42 lakh crore during this year's business summit. Addressing the valedictory session of the Bengal Global Business Summit, she said that a total of 137 Memoranda of Understanding (MoUs) and Letters of Intent (LoI) were signed for the investments. Banerjee also said that the summit would create 40 lakh new jobs across sectors.
Sajjan Jindal's JSW Energy moved a step closer to securing its coal requirements, signing a definitive agreement with the management of CIC Energy on Wednesday, to buy them out and take control of the Toronto-listed company. CIC Energy has an 'A-grade' mining-cum-power complex called the Mmamabula Energy Complex in Botswana, Africa. The field there is estimated to have 2.6 billion tonnes of high-thermal coal, mostly above 6,000 Kcal/kg of calorific value.
Under political fire and ecologists' ire, the group hires Suhel Seth, who will work closely with the promoters and the social media, corporate communications and external public relations team.
The judge summoned Birla as one of the accused in the case.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
India's economy grew at a two-year high of 5.7 per cent in the first quarter of this financial year, after a below-five per cent growth in 2012-13 and 2013-14.
The CBI opposed the plea seeking summoning of former prime minister Manmohan Singh and two others as additional accused in a coal scam case.
Restrictions on buying land are among barriers holding up projects worth almost $300 billion
An alleged unauthorised communication equipment has been seized from the office of prominent NGO Greenpeace at a village in Singrauli district of Madhya Pradesh and two persons have been arrested for trying to disrupt the police probe, a senior police official said on Wednesday.
The guidelines listed several services including government and private offices that will be out of bounds during the period, while exempting establishments such as hospitals, ration shops, dairies, banks, insurance offices, and print and electronic media. Delivery of all essential goods including food, pharmaceuticals, medical equipment through e-commerce has also been exempted from the purview of the lockdown.
A Greenpeace India member was barred from boarding a flight to London on Sunday.
Jaitley said the government has created transparent environment.
India Inc is gearing up for a slugfest this year and from tech to paints, new battlegrounds are emerging, observes Indrajit Gupta, co-founder, Founding Fuel.
In a year when the country produced record coal, rains hit movement of the fuel from mines to power generation units, impacting power generation in many states, including Gujarat, Punjab, Rajasthan, Delhi and Tamil Nadu.
Disinvestment Commission has recommended sale of 49 per cent stake in mining consultancy subsidiary Central Mine Planning and Design Institute to a strategic partner after making it an independent company.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
The FIR relates to allocation of Talabira II and III coal blocks in 2005.
Chhattisgarh Chief Minister Bhupesh Baghel on Sunday said he was yet to receive minister T S Singh Deo's resignation from the panchayat department and that he learnt about the latter's move through media.
Delhi's 24-hour average air quality index (AQI) stood at 248 on Saturday.
'A lot of people -- whether farmers, students or businessmen -- think when they take a loan, that everything will go well and they will pay back.' 'Sometimes, things don't go well.'
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
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