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The shares have been allocated to the government in lieu of conversion of interest dues arising from deferment of adjusted gross revenue and spectrum auction payments, the company said in a regulatory filing.
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As much as international diversification is necessary for portfolio diversification, India is clearly the investment destination today, he feels.
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In a written reply in the Lok Sabha, RK Singh the minister of power and new and renewable energy, said that as of July 27 29.5 million tonne of coal stock available was available at thermal power plants across India.
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The national transporter is on track to meeting its 50 million tonne target for July, but there may be some disruption in August as coal production and transportation is expected to slow down because of heavy rains,.
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Sitharaman added that the effective capital expenditure of the central government is estimated at Rs 10.68 lakh crore in 2022-23, which is about 4.1 percent of GDP.
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Out of the total allocation, Rs 600.7 crore has been allocated for the regional connectivity scheme UDAN, while Rs 9,259 crore has been left to AI Asset Holdings Limited for servicing the loans transferred to an SPV due to the financial restructuring of Air India
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Senior officials in the ministry said that a detailed presentation was made to the finance ministry on how higher allocations in the budget will help achieve the government’s goal of doubling ship recycling capacity at Alang.
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Since a significantly large number of COVID patients require oxygen support in the second wave than during the first wave, and there is a severe shortage of oxygen and complaints against the Centre’s allocation policy, the Supreme Court has set up a 12-member task force to streamline the allocation.
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Allocations for defence may rise in 2021 Union Budget and the government has set specific targets for import substitution and domestic procurement
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The Delhi High Court today upheld the Centre's 2014 Coal Ordinance' provisions on determination of compensation payable to allottees who lost out in the 2015 coal mine auctions towards mining infrastructure and land.
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Coal Secretary Susheel Kumar says four blocks have been set aside for commercial mining. Speaking to Anshu Sharma he also adds that the proposals for allocation of 25 blocks have been in the works.
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Jeff Bezos is announcing that the e-commerce giant is set to invest another USD 3 billion into India, taking the total allocation to this market to USD 5 billion.
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"Your views matter!! Which scheme needs more focus in Budget2016? We invite your suggestions. Please vote Swachh Bharat/Make in India/Skill India/Digital India," a Finance Ministry tweet said.
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"Koda had replaced the name of a company arbitrarily and tried to ensure that they (Jindal firms) practically got the entire coal block," special public prosecutor R S Cheema said.
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How do you stay rich? Often times, it is the result of a laborious process of asset allocation and portfolio management. For an athlete, who is used to all that adrenaline on the field, it may sound boring even.
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The special court was supposed to hear charges against the former Prime Minister Manmohan Singh and industrialist KM Birla in the Hindalco coal scam case.
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Idea has 92 percent of its 900 mhz holding coming up for auction hence highest risk. Bharti airtel has relatively less spectrum coming up for renewal.
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The 74 coal mines, which the government plans to auction to specific end-users in the first phase of bidding on February 11, will not require any green clearances, a top official has said.
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Director GD Mundra says the company would make all efforts to win back coal block de-allocated by the Supreme Court but if it fails to, it has sufficient fall-back in the form of a restarted iron-ore operation.
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In a move to decide the fate of coal blocks that were de-allocated by the Supreme Court recently, the government on Monday proposed an ordinance to allow e-auction of mines to private players while adding that state-run companies would be allocated mines directly.
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As part of its stated move towards making the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) more productive, the central government is likely to tweak the wage-to-material ratio from 60:40 to 51:49.
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Companies affected by the cancellation have started queuing up at ministry but have gone away disappointed as the coal minister is busy with the Maharatsra and Haryana elections.
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Government today left it to the Supreme Court to decide the fate of 218 coal blocks allocation held as illegal by it while stating that about 40 blocks are operational and another six are ready to produce 50 million tonnes coal in the current year.
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Even as several parts of the country are facing an acute power crisis in the wake of a severe coal shortage, the Bhartiya Janata Party government is confident it will achieve its dream of providing 24-hour power supply to the nation in five years.
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The Coal Allocation Mess: What Next?
