The Telecom Commission will consider the panel's report in its meeting on September 8, DoT Secretary Aruna Sundararajan said.
During the Question Hour in the Lok Sabha, the communications minister said the IMG's report is expected in 20 days. He said the group was constituted to examine the systemic issues affecting viability and repayment capacity in telecom sector and furnish recommendations for resolutions of stressed assets at the earliest.
An inter-ministerial group (IMG) set up to fast-track mining leases will this week review the status of 16 successfully auctioned blocks that will fetch states revenues of more than Rs 59,500 crore over 50 years.
Post-Auction Mining Clearances and Approvals Facilitator (PAMCAF), which is chaired by Mines Secretary, will meet on September 8, to review the status of seven mineral blocks, which have been successfully auctioned so far, a senior government official said.
In May last year, NRI billionaire Lakshmi Mittal-led ArcelorMittal and domestic steel giant SAIL inked a memorandum of understanding to look at the possibility of setting up an automotive steel plant in the country through a JV.
There are at least 36 tribunals for settling various administrative and tax-related disputes, including Central Administrative Tribunal (CAT), Income Tax Appellate Tribunal (ITAT), Customs Excise and Service Tax Appellate Tribunal (CESTAT), Competition Appellate Tribunal (COMPAT) and Securities Appellate Tribunal (SAT), among others.
Six months after auction process was initiated for 43 mines across 12-mineral bearing states, only six blocks have managed to find buyers
IMG recommends that the allocatee may be permitted to continue holding the block only on submission of Bank Guarantees.
For the purpose of locating the records, the IMG under the chairmanship of Additional Secretary, Coal, was constituted last month.
The inter-ministerial group of ministers will review coal blocks of companies that are under the scanner of the Central Bureau of Investigation (CBI).
CNBC-TV18‘s Ronojoy Banerjee, quoting sources, reports that the government has set up an inter-ministerial group to coordinate regulation of the financial sector.
The Inter-Ministerial Group has recommended deallocation of three coal mines, and deduction and imposition of Bank Guarantee of PSU firms including MMTC and Nalco.
Acting on the recommendations of the Inter-Ministerial Group on coal blocks, the government has decided to deduct or forfeit bank guarantees to the tune of Rs 25.7 crore as the case may be, involving 11 firms for sitting idle on coal blocks allocated to them for captive use.
After recommending deallocation of eight blocks alloted to PSUs, the Inter-Ministerial Group (IMG) is likely to meet on Monday to decide the fate of 14 more mines alloted to public sector firms.
The Inter-Ministerial Group (IMG) on coal blocks has recommended de-allocation of two coal mines allocated to PSUs on the ground of companies not developing them, sources said.
Letters for deallocation of 13 private coal blocks to their owners are likely to be sent soon after the Law Ministry gives its go-ahead, Coal Minister Sriprakash Jaiswal said today.
An inter-ministerial group will meet on Monday to decide on the appointment of merchant bankers to manage the stake sale of Power Grid Corporation (PGCIL).
The Government today decided to deallocate one more mine - Gourangdih ABC-- jointly given to JSW Steel and Himachal EMTA besides deduction of bank guarantees of two allottees for failing to develop mines within time.
The inter-ministerial group (IMG) on coal blocks has decided to recommend cancellation of two mines awarded to Bhushan Steel and SKS Ispat & Power, and forfeiture of bank guarantees for two other blocks.
The Inter-Ministerial Group (IMG) on coal blocks allocation has recommended de-allocation of four mines alloted to private firms and encashment of bank guarantee of three others on the ground of non-development of mines within a prescribed time.
The Inter Ministerial Group (IMG) on coal block allocation has been asked to conclude its work without delay and give its recommendations at the earliest.
With the deadline of September 15 in mind, the Inter-Ministerial Group (IMG) will decide on Wednesday the fate of 29 coal blocks allocated to private companies out of 58 and work out a plan of action with regard to the remaining, allotted to PSUs without auction.
The Inter-Ministerial Group on coal block allocation will submit its report to Coal Ministry of India on Monday as its three-day review of 29 private sector allottees, including Jindal Steel and Power and others in which relatives of politicians held positions, have concluded.
An inter-ministerial panel today decided to asks firms like Jindal Steel and Power, Tata Steel Essar Power, ArcelorMittal, Sterlite Energy and Reliance Power to explain delay in developing 58 coal blocks alloted to them for captive purposes.
Government today ruled out cancellation of any coal block allocation till the inter-ministerial group (IMG), constituted to review the issue, submits its report.