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. …
After Prime Minister Manmohan Singh last week directed heads of key infrastructure ministries to meet newly assigned higher performance targets for the current financial year, the coal ministry has announced it would review production by coal companies on a monthly basis. Production is currently monitored once in every two months. …
New Delhi The government has directed Coal India to immediately review the force majeure clause in the fuel supply agreements (FSAs), being currently signed with power companies, to prevent disruption of coal supplies by the PSU on flimsy grounds. A source in the coal ministry said the CIL’s board has …
The biggest scam in coal is that despite having one of the world’s largest reserves of coal, India is unable to dig it up fast enough. This results in lost production and jobs, imports of expensive coal and petroleum, depreciation of the rupee that could have been avoided, leading to …
FINAL REPORT PEGS GAIN FOR COS AT . 1.86 LAKH CR The Comptroller and Auditor General’s final report on the allocation of coal blocks has concluded the government did not follow a transparent policy in selecting beneficiaries and was wrong in ignoring a 2004 recommendation by the secretary in the …
Private power producers will get a new opportunity to get additional supplies of scarce fuel as Coal India plans to supply incremental coal from its bulging stocks if buyers can lift it directly from the mines and make their own transport arrangements. Coal India Chairman Narsing Rao told ET that …
The coal ministry has conveyed to the Prime Minister’s Office (PMO) that it may not be possible to accept Planning Commission’s proposal to institutionalise a price pooling mechanism to encourage import of coal. The arrangement, the ministry argues, will hike the price of domestic coal by about 6 per cent …
The government might have asked Coal India Ltd (CIL) to resort to imports to smoothen coal availability for fuel-starved power plants, but the state-owned miner has chalked out a detailed plan to avoid costly shipment of the commodity or to at least keep these to a minimum. Its latest strategy, …
The Central Bureau of Investigation has formed 14 teams to pursue various leads into alleged irregularities in the use of coal blocks allocated to private firms between 2006 and 2009. The agency also plans to set up fact-finding teams to conduct on-the-ground surveys of the coal blocks under scrutiny. During …
DURGAPUR, 6 JUNE: Animals trapped inside a closed factory here must be rescued, former minister and animal rights activist Maneka Gandhi has told the Burdwan district administration. On Monday, Mrs Gandhi called Burdwan district magistrate Onkar S Meena seeking a detailed status report on animals occupying the closed Mining & …
New Delhi Unhappy with the minimum penalty norms in Coal India’s fuel supply agreements (FSA), the power ministry has approached the coal ministry to change the disputed clauses. ‘‘We are trying ... we are taking up this issue with Coal India and ministry of coal. Disincentives are not there for …
Kolkata Coal India (CIL) has dropped plans of importing coal directly and will instead ask MSTC to import on its behalf if it is forced to import coal to meet its supply obligations. A CIL official told FE that the company has decided to keep itself free from any import …
Power units coming up between Jan ’12 & Mar ’15 assured of fuel supply State-owned Coal India has directed its subsidiaries to enter into fuel supply pacts with power units that are coming up between January 2012 and March 2015, bringing a respite to fuel-starved power companies. The development comes …
New Delhi: The government is set to make it mandatory for coal mining companies to earmark an amount equivalent to the royalty they pay to the states for the well-being of people affected by their projects. Apart from public sector Coal India (CIL), the largest coal miner in the country, …
TALCHER: Union Coal Minister Sriprakash Jaiswal will visit Talcher on Friday in the wake of the acute shortage of coal leading to power crisis in the country. He will visit the Talcher Coalfield, one of the four richest coalfields in the country. The coalfield accounts to more than 60 per …
Under pressure from the power utilities, state-run Coal India (CIL) is open to the possibility of reviewing certain aspects of the force majeure clause in the Fuel Supply Agreements (FSAs) being currently inked with power firms. This change, however, of stance will not be at the cost of the company’s …
Dismissing allegations of corruption against Prime Minister Manmohan Singh levelled by Team Anna, Coal Minister Sri Prakash Jaiswal on Sunday said all decisions on allocation of coal blocks were taken with the consent of the state governments in a transparent manner. “Not a single coal block has been allotted without …
The state government has asked the Mahanadi Coalfield Ltd (MCL), a subsidiary of Coal India Ltd (CIL), to pay a fine of Rs 1,306 crore for mining coal without environment clearance in the Ib valley area. It said, MCL had resorted to illegal extraction of coal in the absence of …
International Coal Venture Ltd, a consortium of five state-owned steel and power companies, is in talks with New Zealand-based coal producer, Solid Energy, for potential coking coal blocks they can develop together. Sources close to the ongoing discussions said the talks have been led by India’s largest steelmaker, Steel Authority …
Despite the PMO's intervention in guaranteeing coal supplies to upcoming thermal projects, developers of an estimated 21,503 MW of new coal-fired capacity coming up over the next three years could still be left without any assurance on fuel to operate their projects. With the PMO making it conditional for projects …
The chief of NTPC, India’s biggest power generator, has launched an unprecedented no-holds-barred attack on fellow state-run firm Coal India Ltd (CIL), calling it the “only company in the world where the production has gone down but the profits have gone up”. Alleging that Coal India’s status as the country’s …
