Friday, 20 May, 2022
TopicCoal mining

Topic: Coal mining

Auctioned coal blocks will create 2.8 lakh jobs, attract Rs 33,000 cr investment: Amit Shah

Shah said in line with Atmanirbhar Bharat, this decision will make India self-reliant in the energy sector by introducing competition and boosting coal production.

PM Narendra Modi launches coal auction process for commercial mining

The auction of 41 coal blocks for commercial mining is expected to garner Rs 33,000 crore of capital investment in the country over the next five to seven years.

Everyone around the world is ditching coal – except India, China

Appetite for coal is roaring back in Asia, which makes up three-fourths of global consumption & is expected to continue growing after Covid disruption.

Mineral fund with Rs 23,800 cr can cushion Covid havoc in Odisha, Jharkhand, Chhattisgarh

The District Mineral Foundation funds have nearly Rs 23,800 cr after less than 40% of the amount accumulated over the past five years was spent.

FM Nirmala Sitharaman announces major reforms in mineral mining sector

Nirmala Sitharaman said 500 blocks of minerals will be auctioned in a composite exploration-cum-mining-cum-production regime.

Lok Sabha clears Mines and Mineral Laws Bill, opens up coal sector for commercial mining

The Mines and Mineral Laws (Amendment) Bill also removed the current end-use restrictions, thereby allowing for wider participation and competition in auction.

Outside firms enter mining race in J&K, lease earnings touch crores from lakhs

Companies from Punjab, Uttar Pradesh & Rajasthan have participated in public auctions and won leases to mine J&K’s reserves of coal, marble and limestone.

Coal India seen dominating Indian market despite foreign competition

Difficulties in getting regulatory clearances, delays in land acquisition & shortages of railway rakes are likely to be a deterrent for foreign miners.

Modi cabinet allows 100% FDI in coal mining, 26% in online news media

Cabinet also decides to relax the current FDI norms for single-brand retail and ease sourcing norms, apart from clearing a proposal for 75 new medical colleges.

Modi govt considers ending ban on foreign investment in coal mining

Other proposals under consideration include raising investment limits in digital media and easing rules for retailers selling a single brand.

On Camera

YourTurn

Representative image of an ethanol-blended fuel station plug | Wikimedia Commons

Ethanol blended fuel to power vehicles. Will it hurt your car’s engine?

India’s reliance on ethanol blended fuel is only set to increase in the wake of rising crude oil prices. But are we going to adapt in time?
A shopkeeper arranges stock at a grocery store in Bengaluru | Representational image | Bloomberg Photo

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds online survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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