While there may be welfare motivations for subsidising bus travel or fertilisers, it hurts private players whose goods and services compete in the same market.
A scheme guaranteeing subsidised coal for MSMEs was formulated in 2007-08 under the Manmohan Singh govt. Its implementation in Gujarat has spawned allegations of corruption.
Coal buyers are paying 340% premiums to secure the fuel as even with high premiums, locally produced coal remains far cheaper than importing it from Australia or Indonesia.
A 50% hike would be a dramatic increase for Coal India. But any hefty wage increase would resonate across India's energy sector and its broader economy.
India must become ‘Atma Nirbhar’ in coal production. If govt auctions CIL’s loss-making mines, pvt sector can ensure the national exchequer adequately gains.
Jharkhand CM Hemant Soren has chosen to oppose commercial coal mining, which damages our national interests as it makes it difficult to deal with local issues.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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