Euphoric about India's biggest IPO, possibly to garner up to Rs 15,000 crore, from the world's largest coal producer CIL, Coal Minister Sriprakash Jaiswal on Friday said October is an "auspicious" month to launch the issue.
Indicating an end to the year-long tussle over the controversial no-go mining issue, Coal Minister Sriprakash Jaiswal on Thursday said the problem had been resolved.
Once seen as a spokesman of the government on internal security matters, Sriprakash Jaiswal was on Wednesday elevated to Cabinet rank and retained in the coal ministry. A three-time Lok Sabha member from Kanpur, Jaiswal's elevation to the Cabinet rank comes at a time when elections are scheduled in Uttar Pradesh, where he served as the state unit chief of the Congress. He has shed the portfolio of statistics and programme implementation.
The Planning Commission had recently recommended leaving the coal prices to the market and allowing free trade of coal nationally and internationally. Although coal prices were deregulated in 2000, the rates are fixed by the coal PSUs under the guidance of the coal ministry.
The government on Tuesday advised investors to stay put with Coal India Ltd to multiply their fortunes and compared the strengths of the company with gold, which is considered the best long-term bet to create wealth.
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.
The country's largest coal producer Coal India is likely to decide in 2-3 days on roping in anchor investors for its upcoming mega initial public offer, Coal Minister Sriprakash Jaiswal said here on Friday.
The Centre on Tuesday said the governments of Bihar, Chhattisgarh and Jharkhand have failed to contain Naxalism despite all possible support extended to them to fight the menace.
Aiming to garner over Rs 15,000 crore (Rs 150 billion) through the largest ever public offering in India, the government on Tuesday decided to price Coal India's IPO in the range of Rs 225-245 a share for divesting its 10 per cent stake.
The government admitted to cost overruns to the tune of Rs 50,295 crore (Rs 502.95 billion) in 268 of 578 ongoing projects, but did not give details of the timeframe for implementation.
The project envisages providing unique National Identity Number to each person in the National Population Register, he said.
Minister of State for Home Sriprakash Jaiswal said as per information available, Naxalites have sophisticated weapons and communication systems. The extremists primarily get a substantial bulk of their weapons by looting and illegal weapon manufacturing units, Jaiswal said.
Striking a defensive note over the Centre's internal security record, Union Minister of State for Home Sriprakash Jaiswal told a press conference in New Delhi that 'it is unfortunate that the former Home Minister is making such statements to create an atmosphere of fear and tension'.
The Central government on Friday condemned the targeting of North Indians in Mumbai and other parts of Maharashtra as the political class cutting across ideological spectrum demanded stern action against breakaway Shiv Sena leader Raj Thackeray and his marauding party activists.
Jaiswal's statement came after Coal India said its multi-billion dollars worth of projects could become unviable if prices were not hiked. The PSU is seeking a nominal increase in prices of its products which were marginally revised last in 2007.
Talking to reporters in Lucknow on the sidelines of a workshop for Pradesh Congress Committee members, Jaiswal said the UP government had complained that in certain states the laid down security procedures were not being followed for the protection of Mayawati.
Union Minister of State for Home Sriprakash Jaiswal has said the Centre is looking into the matter.
A day after All India Congress Committee President Sonia Gandhi strongly defended the nuclear deal with the United States, Union Minister of State for Home Affairs Sriprakash Jaiswal said that there was no going back on the 123 Agreement. He added that if necessary, the Congress was ready to sacrifice the United Progressive Allaince government. He defended the UPA government's decision to enter into an agreement with Washington.
The Government on Tuesday said paramilitary forces could be spared in the month of April to provide security in the Indian Premier League (IPL) but would be a problem in May. Jaiswal said although security threats always exist but if the IPL functionaries give a suitable schedule, things could be worked out.
The government on Monday said it does not have inputs to suggest that the Naxals have established links with Pakistan's Inter-Services Intelligence agency. "There are no inputs to suggest that the Naxals have established links with the ISI," Minister of State for Home Sriprakash Jaiswal told the Lok Sabha during the Question Hour. He said as many as 217 security personnel and 441 civilians were killed in Naxal violence and action against them till November 30.
Jaiswal, accompanied by Union Minister of State for Food Processing Subodh Kant Sahay, visited the Tata Main Hospital where the mortal remains of Mahato were kept.
Pakistan has not taken any significant steps to dismantle terrorist infrastructure on its soil and continues to provide logistic and financial support to terrorists in Jammu and Kashmir, government said Thursday.
During 2007, 139 civilians and 95 security personnel were killed in Jammu and Kashmir, 427 civilians and 63 security personnel in north-eastern states and 383 civilians and 188 security personnel in naxal-hit states.
"It is too early to name the organisation behind the incident, but it was certainly a planned conspiracy as three blasts took place simultaneously in the state," he said.
Embarrassed by the lifting of ban on SIMI by a special tribunal for lack of evidence, the Union Home Ministry on Wednesday said it would challenge the order in the Supreme Court if necessary.
India on Monday favoured establishment of a joint mechanism by SAARC nations to share expertise and resources of their police training organisations in combating terrorism and organised crime.
Minister of State for Home Sriprakash Jaiswal told Rajya Sabha on Wednesday that 129 people's representatives and 411 government officials have been killed in Naxal violence between 2004 and 2006.
Minister of State for Home Sriprakash Jaiswal said in a written reply that according to available reports, terrorist groups in India were receiving funds from abroad, mainly through hawala and informal channels.
The central and state security and intelligence agencies have taken measures and are maintaining extra vigil on the activities of the suspected Khalistani elements and their supporters.
The Centre has finally woken up to their plight with Minister of State for Home Sriprakash Jaiswal announcing a Rs 1 lakh grant from his personal fund.
The bill will be finalised after consultations, Minister of State for Home Affairs Sriprakash Jaiswal said Parliament.
Security agencies have earlier expressed apprehensions that exposure of high-profile leaders to unscreened masses was a major security risk.
While the Congress had won just two seats in Kanpur city during the last Assembly election, he claimed the party will sweep all 10 seats this time.
The Centre has issued advisories from time-to-time to all these states and the states had generally cited paucity of funds and lesser number of complaints of human rights that does not justify setting up a full-fledged commission.
Non-Resident Indians are not eligible for grant of overseas citizens of India registration as they are Indian Citizens, Minister of State for Home Sriprakash Jaiswal informed the Rajya Sabha on Wednesday.
The Centre on Tuesday said the Vadodara district administration did not take enough caution in dealing with the issue of removing the dargah as matters of religious sentiments need to be dealt with a lot of sensitivity.
The issue has snowballed into a major row.
To a question on concentration of Pak-supported terrorists on the Indo-Bangladesh border, Minister of State for Home Sriprakash Jaiswal said in a written reply that no such inputs have come to the notice of the government.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances