Adds three mines from the same state taking the total of mines on offer to 38, from 41 earlier
Coal Ministry said it has revised the list of mines to be auctioned for commercial mining and now 38 blocks would go under the hammer instead of 41 mines announced earlier
CIL will pump in over Rs 1.22 trn on projects related to coal evacuation, exploration and clean coal technologies by 2023-24, to achieve 1 bn tonnes of fuel output target, Coal Minister said
Under Coal Bearing Areas Act, Centre will acquire land and then give it on lease to miners; SBI raises concerns on offtake, demand of coal from commercial mines
Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China
The ACQ has been increased to 70 per cent for coastal plants
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.
The first of a two-part series analyses how price signals have been planned in coal sector reforms
Coal workers affiliated to five trade unions had gone on strike from July 2-4.
A coal ministry official said that on Friday CIL produced 5.55 lakh tonnes of coal Friday, which is 42.7 per cent of the 10 days average production (from June 22 to July 1) of 12.969 lakh tonne
There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.
With the start of some economic activity and a slight pickup in power demand, some increase was expected in the company's coal volumes in May
In a gazette notification on Thursday, the ministry amended the Environment Protection Act to drop mandatorily washing coal for supply to thermal power plants.
These could include the much-talked-about proposal allowing commercial coal mining and may also include an ordinance on freeing up inter-state trade in agricultural commodities.
100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers
Auctioned mines will now entail reduced upfront payment; coal ministry has also introduced incentive for early production
The eight sectors in which reforms are to be introduced are coal, minerals, defence production, aviation, power discoms in UTs, space technology and atomic energy
The environment ministry now in its latest note has said, "In the overall scheme of coal, mine, washery and power plant, the extent of ash content in mined coal remains the same"
Electricity consumption slumped 21.3% in the first two weeks of the lockdown ended April 7, compared with the first three weeks of March, according to government data
Making it clear that he was not politicising the issue, the minister said many states are importing thermal coal which is substitutable