Priyadarshi Siddhanta

FY15 coal import bill spills over Rs 1 lakh crore; 27.12% jump

According to provisional statistics released by the coal ministry on Friday, raw coal imports during the last fiscal touched 212.1 million tonne (MT) from various nations.

coal import bill News

Non-coal blocks: States to auction 71 leases this fiscal

The mines ministry has recently circulated an advisory for the grant of concessions in case of minor minerals also through the auction route.

limestone News

Ministry to states: No land revaluation of coal blocks

Ruling out any fresh land valuation of the recently-auctioned coal blocks, the coal ministry has held that the existing character of the land is sacrosanct and needs no fresh assessment.

coal allocation News

Coal supply: Panel against scrapping fuel pacts

An inter-ministerial committee has said that unregulated-sector PSUs need perpetual access to fuel

Coal auction News

Invest in Iran: Steel Ministry to producers

Iran has sought investments of nearly Rs 50,000 crore in infra, including ports, railways, highways.

bhushan steel News

Delay in transfer of coal PF corpus to result in losses

The delay in transfer of the corpus is estimated to lead to an annualised loss of around Rs 5.5 crore to Coal Mines Provident Fund Organisation (CMPFO).

Coal India News

Coal Ministry may ask discoms to get clearances before bidding

The coal ministry is set to ask the power distribution companies to arrange for all the requisite clearances before the ministry starts inviting competitive bids from them for the auction of coal mined by state-run collieries

Coal India bid News

Mineral-rich states told to start auction process, announce bidding dates

The mines ministry has tried to sweeten the bid criteria by proposing that preferred bidders would not be required to pay upfront payment or royalties at the prospecting licence stage.

iron ore News

District Mineral Foundations still to be a reality in most mining states

Mineral-rich states, barring Goa and Madhya Pradesh, are yet to notify setting up of the District Mineral Foundations (DMFs), as mandated under the Mines and Minerals (Development and Regulation) Amendment Act, 2015, which wa

iron ore News

New govt, old hurdles: Curbing illegal mining

From illegal exploitation of resources to banning of iron ore mining in Karnataka and Goa, mining sector has been constantly earning a bad name.

iron ore News

Small bidders wary of methodology for CIL output auction

The coal ministry has announced that state-run Coal India Limited’s (CIL) output, which is given to its buyers through linkages or fuel supply pacts, would now be auctioned.

Coal Scam News

Cheap steel crackdown: Centre may seize poor quality imports

Cracking down on sale of cheaper quality steel, the government will constitute an “appropriate authority”

bhushan steel News

Govt to auction 23 coal blocks next week, may earn over 2 lakh cr

The government has finalised a list of 23 coal blocks to be auctioned in the third tranche beginning next week.

coal blocks, coal blocks auction, coal block auctioned, coal ministry, power sector, coal blocks bids, business news

Don’t ink fresh fuel supply pacts with buyers: Panel to CIL

Linkages are given by CIL to companies for their projects which have no captive coal mines.

coal blocks, coal blocks auction, coal block auctioned, coal ministry, power sector, coal blocks bids, business news

After coal blocks, Coal India fuel pacts set to be auctioned

Govt is planning to shortly auction coal produced by state-run collieries to players in sectors such as power and steel.

After coal blocks, Coal India fuel pacts set to be auctioned

Re-auction among options considered for 5 coal mines

The government has zeroed in on three options in deciding the fate of five coal blocks which witnessed low-price bids...

coal block allocation, coal blocks auction, coal block news, coal india, coal ministry, coal auction, coal blocks, Supreme Court, Hindalco, Jindal Power, Usha Martin, business news

Duty on major minerals may be eased to boost mining

FM Arun Jaitley may abolish 2.5% duty on coal imports.

Arun Jaitley US News

Centre pockets Rs 6,108 cr from cancelled blocks levy, a week ahead of coal auction

The CAG had computed the figure of Rs 295 per metric tonne as additional levy.

coal india News

Auction 37 non-coal blocks by March 10: PMO to Mines Ministry

Prime Minister’s Office (PMO) has set a deadline of March 10 to begin the auctioning of 37 out of 199 non-coal mines in the first phase.

coal india News

Coal Ministry sticks to initial price offer plan; bidders oppose

The successful coal block bidders should also be prepared to pay for any 'additional premium' if govt deems it necessary for them to do so.

coal block allocation, coal blocks auction, coal block news, coal india, coal ministry, coal auction, coal blocks, Supreme Court, Hindalco, Jindal Power, Usha Martin, business news

Tax holidays, I-T benefits needed, says Telecom Ministry

Giving ten-year tax holidays for fresh investments and extending benefits under the Income Tax Act to mobile handset...

Arun Jaitley, crop damage, crop damage compensation, arun jaitley on crop damage, arun jaitley on crop damage compensation, nation news, farmers crop damage News

CoalMin: Lenders can seek removal of defaulting winners of coal blocks

State-run and private lenders loaning money to winning bidders of coal blocks can seek their removal...

Coal India bid News

Coal auctions hold promise for fuel-starved power sector

After a tumultuous year, the government’s decision to go ahead with the auction of 101 coal blocks in line with the directions from the Supreme Court...

Coal India, Coal India stake sale, Coal India shares, Coal India BSE, Coal India NSE, Coal India news

E-auction process for 24 coal mines kicks off; Jindal, Hindalco, GVK blocks on phase 1

Coal blocks of Jindal Steel and Power (JSPL), Hindalco Industries and GVK Power are among 24 mines set for e-auctioning in the first phase.

Coal India, Coal India stake sale, Coal India shares, Coal India BSE, Coal India NSE, Coal India news

Renewal of Posco MoU held up on failure of ‘milestones’

The ministry officials attribute the failure of the JV on Posco’s insistence on running the operations and having over 50 per cent stake in the JV company.

Industry News

‘Plan Panel successor must have powers to grant funds’

Experts say the power should not go to the finance ministry

Economy News

Coal block valuation panel seeks assistance from CAG

A committee set up to ascertain the valuation of 42 coal blocks and liabilities associated...

Economy News
FinancialExpress_1x1_Imp_Desktop