Coal Mining

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Coal Mining - Total results - 75
Assam forest dept slapped Rs 43.25 cr fine on Coal India for carrying out 'illegal mining'
Business

Assam forest dept slapped Rs 43.25 cr fine on Coal India for carrying out 'illegal mining'

The Assam forest department has slapped a penalty of Rs 43.25 crore on PSU major Coal India Ltd for carrying out "illegal mining" inside a reserve forest for 16 years from 2003, officials said on Wednesday

CIL arm WCL slashes coal auction floor price for specific mines by 10%; move will help consumers
Business

CIL arm WCL slashes coal auction floor price for specific mines by 10%; move will help consumers

Western Coalfields Ltd (WCL), a subsidiary of Coal India, has slashed the coal auction floor price of specific mines by 10 percent, a statement said

Govt further opens up coal mining; allows non-coal cos to bid, removes end-use restriction
Business

Govt further opens up coal mining; allows non-coal cos to bid, removes end-use restriction

In a bid to attract investments and boost domestic coal production, the government on Wednesday approved promulgation of an ordinance to open up coal mining in the country to non-coal companies while removing restrictions on end-use of the fuel

Coal allocation by CIL to power sector under e-auction drops 23% to 16.95 million tonnes in April-November
Business

Coal allocation by CIL to power sector under e-auction drops 23% to 16.95 million tonnes in April-November

State-owned Coal India allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 percent over the year-ago period

Miners lobbying against govt proposal to link new coal index to international prices; fear move will dent local coal’s competitiveness
Business

Miners lobbying against govt proposal to link new coal index to international prices; fear move will dent local coal’s competitiveness

Indian miners are lobbying against a government proposal to link a new coal index to international prices, which could delay creation of the index

'Complete strike' at Coal India, Singareni mines against Centre's decision to allow 100% FDI, claim trade unions
Business

'Complete strike' at Coal India, Singareni mines against Centre's decision to allow 100% FDI, claim trade unions

Trade unions on Tuesday claimed that production and dispatch has come to a "complete halt" at the mines of Coal India Ltd and Singareni Collieries Company Ltd, owing to the one-day strike against the Centre's decision to allow 100 percent FDI in coal mining

Govt to invite global players for roll out of commercial coal mining auction plan by December
Business

Govt to invite global players for roll out of commercial coal mining auction plan by December

In a bid to liberalise the coal sector, the government is planning to invite global players for the roll-out of auction plan for commercial mining by December this year, Union Minister Pralhad Joshi said on Thursday

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill
Business

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill

Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago.

Govt notifies FDI relaxation norms in coal mining, contract manufacturing, single-brand retail
Business

Govt notifies FDI relaxation norms in coal mining, contract manufacturing, single-brand retail

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday notified the recent decisions to relax foreign direct investment (FDI) norms in sectors such as coal mining, contract manufacturing, and single-brand retail trading

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment
Business

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment

Foreign direct investment into India grew by 28 percent to $16.33 billion during the first quarter of the current fiscal, according to government data

India will overtake China as largest importer of coking coal by 2025; consumption to grow at 5.4% annually: Fitch
Business

India will overtake China as largest importer of coking coal by 2025; consumption to grow at 5.4% annually: Fitch

India will overtake China as the largest importer of coking coal by 2025, Fitch Solutions Macro Research said on Friday

Coal Minister Pralhad Joshi says 100% FDI in coal mining to create direct, indirect employment
Business

Coal Minister Pralhad Joshi says 100% FDI in coal mining to create direct, indirect employment

Terming 100 percent FDI in coal mining "the biggest reform" of BJP government, Coal Minister Pralhad Joshi on Thursday said the move will set up an efficient and competitive coal market in India and create direct and indirect employment in coal-bearing areas

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll
Business

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll

In spite of a windfall dividend to the government of nearly $21 billion from the central bank, the room for aggressive stimulus is limited due to slower growth in tax receipts, analysts say.

Govt relaxes FDI rules in single-brand retail, coal mining, contract manufacturing, digital media: All you need to know
Business

Govt relaxes FDI rules in single-brand retail, coal mining, contract manufacturing, digital media: All you need to know

The government on Wednesday approved further relaxed rules for foreign direct investment (FDI) rules in four sectors

Cabinet eases FDI rules for single brand retail; gives nod to 100% foreign investment in contract manufacturing, coal mining
Business

Cabinet eases FDI rules for single brand retail; gives nod to 100% foreign investment in contract manufacturing, coal mining

Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 percent foreign direct investment (FDI) under automatic route in coal mining and associated infrastructure has been approved

Union Cabinet to consider relaxing FDI norms in single brand retail, digital media today
Business

Union Cabinet to consider relaxing FDI norms in single brand retail, digital media today

FDI helps in improving the country's balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.

SC directs Meghalaya govt to deposit Rs 100 cr with CPCB for causing environmental degradation by 'illegal, unregulated' coal mining
India

SC directs Meghalaya govt to deposit Rs 100 cr with CPCB for causing environmental degradation by 'illegal, unregulated' coal mining

Environmental degradation by illegal and unregulated coal mining has taken place in Meghalaya, the Supreme Court held Wednesday and directed the state to deposit Rs 100 crore with the Central Pollution Control Board for restoration work. It said however that Meghalaya has very limited sources of revenue and allowed it to transfer Rs 100 crore from the Environment Protection and Restoration Fund. A total of 15 miners were trapped on 13 December last year in an illegal coal mine in East Jaintia Hills district of Meghalaya, about 3.7 kilometres deep inside a forest, when water from the nearby Lytein river gushed into it.

Lack of jobs in Jharkhand's Giridh leads to proliferation of illegal coal mines; for villagers, polls only mean more police raids
Politics

Lack of jobs in Jharkhand's Giridh leads to proliferation of illegal coal mines; for villagers, polls only mean more police raids

Deaths in mines in this coal belt have been a particularly harsh reality of life. And illegal mining has been reported in Jharkhand at least since 2004.

Adani Group wins projects across coal, gas, highways in competitive bidding; firm looks to diversify portfolio
Business

Adani Group wins projects across coal, gas, highways in competitive bidding; firm looks to diversify portfolio

In February, Adani Enterprises bid highest pre-passenger fee to the Airport Authority of India over the next 50 years to bag rights for half a dozen airports in the country.

Operation to evacuate trapped Meghalaya miners not abandoned: Centre, state government tells Supreme Court
India

Operation to evacuate trapped Meghalaya miners not abandoned: Centre, state government tells Supreme Court

The Meghalaya government said it has filed a status report on the steps taken to rescue the miners.