Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
Government auditor CAG on Friday said private firms were likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which will result in a loss to the national exchequer. The CAG in its report, tabled in Parliament, names …
This report of the Comptroller & Auditor General of India contains the results of the Performance Audit on “Allocation of coal blocks and Augmentation of coal production”. The widening gap between the demand and domestic supply of coal and consequently the progressively increasing imports has assumed a critical situation warranting …
The development comes ahead of CIL's board meeting to approve FSA with power companies Coal India (CIL) has agreed to certain changes in the fuel supply pact to be entered with state-nominated agencies. "Model Fuel Supply Agreement (FSA) applicable for state-nominated agencies has been agreed by CIL in its meeting," …
Prime Minister’s adviser TKA Nair met coal minister Sriprakash Jaiswal to discuss on how the government should deal with the fallout of the CAG reports on coal block allocation, after they are tabled in Parliament on Thursday. The meeting on Tuesday is understood to have fine-tuned Jaiswal’s response to both …
Coal India (CIL) has agreed to certain changes in the fuel supply pact to be entered with state—nominated agencies. “Model Fuel Supply Agreement (FSA) applicable for state— nominated agencies has been agreed by CIL in its meeting,” the PSU firm said in a letter to its subsidiary firms. “The agreement …
NEW DELHI: Coal India (CIL) board is likely to meet early next week to approve the model fuel supply agreements ( FSA) for supply of coal to power firms with significant changes, including the penalty clause. The development follows the board of the public sector firm agreeing on paying penalty …
New Delhi Coal India (CIL) on Tuesday decided to revise the contentious penalty clause in the fuel supply agreements (FSA) to be signed with power sector companies, marginally hiking the penalty. This penalty, however, would be still lower than the level discussed during a meeting convened by the Prime Minister's …
State-run Coal India (CIL) has given in to pressure from the Prime Minister’s Office (PMO) and the coal ministry and on Tuesday agreed to pay up a sizeable penalty if it fails to supply the contracted quantity of the fuel. CIL has also accepted another demand of the government, and …
The increase in corruption in coal is closely linked to the increasing importance of this mineral in the economy and of the industry in political funding. And the rot in coal runs deep and wide, reports M Rajshekhar It was a roundtable on ‘campaign finance reforms in India’, but it …
The coal ministry has halved the production targets of captive coalmines owned by the private as well as public sector companies, a decision that is likely to exacerbate the shortage of the fuel supply in the country. The Results Framework Document prepared by the coal ministry has set the production …
Grid collapse points to enduring neglect of infrastructure in power sector. Last week, about half of India or roughly 10 per cent of the world’s population, suddenly found they had no electricity. A failure of this magnitude has never happened before. But while the timing of the incident could not …
New Delhi Power plants using less-polluting washed coal— with ash content not exceeding 34% and gross calorific value not less than 4,000 Kcal/kg on a daily average basis — may get faster environment clearances from 2014. The move, which will benefit power projects of more than 100 MW, comes in …
To break the long deadlock by shipping out minimum 80% of the contracted quantum Coal India will modify fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadlock over the issue of …
TCI questions legality of Presidential directive on fuel supply agreements The high court here has issued notices to state-owned miner Coal India Ltd (CIL) and its largest shareholder, the central government, after admitting a petition filed by the UK-based hedge fund, The Children’s Investment Fund (TCI). While the Union government …
NEW DELHI: The Delhi high court has issued notices to the Centre and the coal ministry on a petition filed by UK-based fund TCI (The Children Investment Management Fund) against coal ministry's "interference" in state-run Coal India's pricing policy. TCI, which owns 1% in Coal India, has sought the court's …
Approves minimum 80% coal supply to power firms agrees to import 15% to meet shortfall Coal India Ltd (CIL) on Tuesday decided to revise the contentious penalty clause in the fuel supply agreements (FSAs) to be signed with power firms. The state-run company also agreed to supply at least 80 …
The Coal India (CIL) board on Tuesday agreed to import coal and adopt price pooling, while keeping its supply commitment or trigger level at 80 per cent. The company will fix the penalty clause later. CIL chairman S Narsing Rao said the board had decided to revise the newly formulated …
The state energy department has lashed out at Mahanadi Coalfields Ltd (MCL), a Coal India subsidiary, over inferior and inconsistent coal supplies to Odisha Power Generation Corporation (OPGC), the only state owned thermal power producer. MCL is supplying coal from its Lakahanpur mines to OPGC which runs two 210 MW …
500 mn tonne worth of coal mines is target for acquisitions by 2020 International Coal Ventures Limited, or ICVL, was the epitome of India’s babudom running public sector undertakings (PSUs). Five major public PSUs — NTPC, SAIL, NMDC, Coal India and Rashtriya Ispat Nigam (RINL) — with a war chest …
KOLKATA: Coal India Board today reached a consensus on supplying a minimum of 80 per cent of the contracted quantity of the fuel to power firms, meeting 15 per cent through imports. As a result, the state run firm will import around 20 million tonnes of coal this year. "The …
