Government is targeting a revenue of Rs 1.47 lakh crore from the allotment and auction of 92 coal blocks out of those being given out in the first phase to private as well as public sector entities.
Supreme Court appointed former Australian judge Micheal Kerby has so far not accepted becoming the presiding arbitrator in the RIL-Govt KG-D6 cost recovery dispute as Oil Ministry hasn't given its no-objection.
In a record high, foreign investors have purchased Indian debt securities worth $19 billion this year, which marked a 20 percent jump from the previous year and even saw the so-called 'junk' bonds being lapped up aggressively despite poor corporate and sovereign ratings.
The GST Bill will be taken up in the next Parliament session, Finance Minister Arun Jaitley said while asserting that concerns of all states have been take care of in the new measure.
The Supreme Court today dismissed petitions filed by two firms including the Calcutta Electric Supply Corporation (CESC) Ltd against the ordinance that has paved way for auctioning of coal mines across the country.
The government today came out with draft rules for e-auction of 92 cancelled coal mines in the first phase, fixing a floor price of Rs 150 per tonne for sectors like steel, sponge iron, cement and captive power.<br />
Government has asked the Coal Controller to collect additional levy from the owners of operational coal blocks, which have been cancelled by the Supreme Court.
November trade deficit came in at $16.86 billion, 26 percent higher on a month-on-month (MoM) basis. <br /> November exports stood at $25.96 billion and imports came in at $42.82 billion.
Putting Indian markets on fire, the foreign investors have pumped in over Rs one-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.