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  • IMG on telecom to submit report by tomorrow: DoT Secretary

    The Telecom Commission will consider the panel's report in its meeting on September 8, DoT Secretary Aruna Sundararajan said.

  • IMG report on telecom companies' financial woes likely in 20 days: Manoj Sinha

    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.

  • IMG on mines auction to take stock of clearances this week

    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.

  • IMG to review status of Essar iron ore, Vedanta gold mine

    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.

  • IMG to review ArcelorMittal-SAIL JV progress this month

    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.

  • Govt mulls reducing numbers of tax, administrative tribunals

    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 on, few takers for auction of mineral blocks

    Six months after auction process was initiated for 43 mines across 12-mineral bearing states, only six blocks have managed to find buyers

  • Coal Min seeks Rs 242cr bank guarantee from Tenughat Vidyut

    IMG recommends that the allocatee may be permitted to continue holding the block only on submission of Bank Guarantees.

  • IMG may meet Thu on missing files on coal mines allotment

    For the purpose of locating the records, the IMG under the chairmanship of Additional Secretary, Coal, was constituted last month.

  • IMG to review coal blocks of cos under CBI scanner

    The inter-ministerial group of ministers will review coal blocks of companies that are under the scanner of the Central Bureau of Investigation (CBI).

  • Saradha scam: Probe panel set up to fix loopholes in laws

    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.

  • Cancel 3 coal mines; impose BG in case of MMTC, Nalco: IMG

    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.

  • Govt decides to deallocate coal mine jointly given to 3 cos

    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.

  • IMG to meet on Monday to decide fate of 14 coal mines

    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.

  • IMG suggests de-allocation of 2 mines allocated to PSUs

    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.

  • De-allocation letters for coal blocks soon: Jaiswal

    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.

  • IMG to meet on Monday on Power Grid disinvestment

    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).

  • Government decides to deallocate one more mine

    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.

  • IMG calls for cancellation of blocks to Bhushan Steel, SKS

    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.

  • Four mines can be de-allocated: IMG

    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.

  • IMG on coal told to give report at the earliest

    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.

  • IMG to meet on Sept 12 to finalise report on 29 coal block

    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.

  • IMG review of coal blocks concludes, report on Monday

    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.

  • IMG asks cos to explain delay in coal mining by Sep 8

    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.

  • IMG reviewing coal blocks status, no cancellation now: Govt

    Government today ruled out cancellation of any coal block allocation till the inter-ministerial group (IMG), constituted to review the issue, submits its report.

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