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. …
To develop mines and infrastructure, buy foreign assets & pay a dividend of . 6,500cr every yr. Coal India, facing pressure from the prime minister’s office to improve production, plans to invest . 75,000 crore ($14.6 billion) in the next five years to develop mines and infrastructure, buy foreign assets …
Planning Commission Deputy Chairman Montek Singh Ahluwalia has asked Coal Minister Sriprakash Jaiswal to enlist private mine developers expeditiously to explore Coal India Limited’s (CIL) mines through the Public Private Partnership (PPP) route. Pitching for devising a transparent mechanism for fair selection of the private companies, Ahluwalia has offered the …
Unavailability of natural gas and destruction of forests and water bodies due to our inability to use our coal fields optimally is having a huge impact on our health and environment Two monopolies. One private; the other public. One in gas; the other in coal. Both equally disastrous for the …
New Delhi In what can be seen as a clear rebuff to the recent leaked CAG draft report, the coal ministry has expressed its helplessness in giving the exact cost of production of coal from different blocks in the country. It has cited the presence of several variable factors, which …
Govt officials say national auditor’s no. based on assumptions. India’s first auction of coal blocks will bring out sharp differences between calculations of the government and the national auditor, whose draft report estimated that companies which were allotted blocks free of cost received a benefit of . 10.67 lakh crore. …
India’s coal crisis is a disaster-in-waiting. The government must answer some tough queries -The deeper you go into the reasons behind India's ongoing coal crisis, the more it appears to be a tale of a disaster-in-waiting. Innumerable questions beg an answer. Some have obvious answers: bureaucracy, corruption and connivance. For …
Coal ministry feels selloff proceeds will go to the cash-rich coal giant and not in govt coffers. The coal ministry is not in favour of divesting 10% stake in Coal India’s subsidiaries, as proposed by the divestment department, as it will only infuse more funds into the cash-rich coal giant, …
CMD designate says company will do everything to meet the presidential directive Close to two months after Coal India Ltd (CIL) said it was not in the business of imports, the chairman designate of the world’s largest coal mining company is looking to revisit the option. S Narsing Rao, who …
Even as a CAG report pointing out irregularities in coal block auctions rocks the country, Assam and Coal India have alleged that “unscrupulous elements” are illegally mining coal in Arunachal Pradesh and stealing from Coal India’s leasehold areas in Assam. “Some unscrupulous elements steal coal from leasehold areas, mines and …
In a move that will intensify the turf war between the power and coal ministries, Power Minister Sushilkumar Shinde has suggested that the Central Electricity Regulatory Commission (CERC) be allowed to discharge functions of the proposed coal regulator, that has been in the limbo for three years now. In a …
Coal India Ltd (CIL), whose projects have faced inordinate delays owing to the long drawn land acquisition process mainly due to resistance from the local population, in a clear effort to win popular grass-root level support, would now offer employment to one person on every two acres of land taken …
‘Increasing production and despatch are the biggest challenges' Few Coal India Ltd (CIL) chairmen have had to don the chieftain's robes at a more critical juncture. As if taking on charge of the world's single-largest mining company is not enough at a time when its production is flat, but it …
The move comes after it failed to meet the March 31 deadline set by PMO With Coal India Ltd. (CIL) not following Prime Minister Manmohan Singh's directive to commit coal deliveries to power companies, the Centre, on Tuesday, issued a Presidential directive, asking the public sector undertaking (PSU) to immediately …
New Delhi The government proposes to offer deallocated captive coal blocks of private sector companies to Coal India in a bid to accelerate coal production. This would enable the PSU to meet all its fuel commitments to the power sector. The coal ministry, which has so far cancelled allocation of …
New Delhi Asserting that India is a socialist country with a large number of poor people, coal minister Sriprakash Jaiswal has claimed that pricing decisions of government-run companies cannot be set to secure only profits. Speaking at the Idea Exchange organised by the Express Group on Monday, the minister said …
NEW DELHI With Coal India facing problems in enhancing production, the Environment Ministry is working on a mechanism for introducing online system for granting faster clearances to coal projects. The development follows Prime Minister's Office directing CIL to sign fuel supply agreement with the power producers with 80% assured delivery, …
Coal Minister Sriprakash Jaiswal on Monday described CAG draft report on allocation of coal blocks without auction as “illogical”, asking by that yardstick even water used in the hydro projects should be charged. “This is no logic. If this is accepted, then there are so many hydro projects in the …
This Report of the Standing Committee on Coal and Steel deals with Action Taken by the Government on the Observations/Recommendations contained in the Eleventh Report (Fifteenth Lok Sabha) of the Standing Committee on Coal and Steel on the subject “Prevention of Illegal Coal Mining and Theft” of the Ministry of …
Does not commit assured supply directed by govt The country’s largest coal producer, Coal India Ltd (CIL), has turned down a government directive asking it to ensure supply of 80 per cent of the committed quantity to power companies. After it went through the clauses of a draft fuel supply …
Documents obtained by The Hindu show that the Union Coal Ministry was made aware as far back as July 2004 that flawed policies that allotted captive coal blocks rather than auctioning them would give unearned “windfall gains” to private parties. A leaked draft report of the Comptroller and Auditor-General has …
