As the squeeze tightened over grounded Kingfisher Airlines to pay up the dues of the government, lessors and service providers, its promoter Vijay Mallya today met Law Minister Ashwani Kumar apparently to discuss ways to deal with the situation.
Only 48 power producers have inked fuel supply pacts with state-run Coal India so far, even as the second deadline set by the Prime Minister's Office (PMO) for signing these agreements ended last week.
All the six Bharatiya Janata Party (BJP) members on Wednesday walked out of a Joint Parliamentary Committee (JPC) meeting on 2G spectrum allocation. The BJP members want Prime Minister Manmohan Singh, Finance Minister P Chidambaram to be called by the JPC to depose in connection with the 2G spectrum allocation.
The meeting of board of directors of Coal India scheduled for tomorrow to deliberate on the issues relating to signing of the fuel supply pacts with power firms, has been postponed.
The state-run Coal India Limited (CIL) is expected to take up the issue of Fuel Supply Pacts (FSAs) to be signed with power firms on July 10 with the Prime Minister's Office intervening in the deadlock between the two sides.
In a bid to resolve the fuel row, the Prime Minister's Office today asked state-owned Coal India (CIL) to sign the pacts with power producers with assured minimum coal supply of 65% of the commitment.
The Prime Minister's Office will meet Coal Ministry officials and Coal India‘s chairman and managing director Narsing Rao to discuss three-year moratorium on fuel supply agreements.
Taking forward its recent initiatives to address the power sector woes, the Prime Minister's Office is likely to hold meetings with officials from Power, Coal and Petroleum Ministries this week to discuss issues related to thermal and gas-based projects.
Representatives of five major private telecom companies are meeting with the PM and the FM later today to discuss the road ahead for the sector.