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.
The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.
A next generation extended stand-off air-to-surface missile test fired by IAF, ROCKS has been designed & manufactured by Israeli defence major Rafael, keeping India’s needs in mind.
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