BlackRock & Norway’s Storebrand have raised concerns about SBI's proposed Rs 5,000 cr-loan to Adani Enterprises for its Carmichael coal mine in Australia.
Delivering the 19th Darbari Seth Memorial Lecture, UN General Secretary Antonio Guterres stressed on how clean energy can help economies recover from Covid-19 pandemic.
Jharkhand govt has moved SC over auction of coal blocks. CM Hemant Soren says his govt has not granted clearance to auction of 22 coal blocks in the state.
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.
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.
Appetite for coal is roaring back in Asia, which makes up three-fourths of global consumption & is expected to continue growing after Covid disruption.
The factories of the future will not operate on slogans or tariffs; they will rely on copper, nickel, lithium, rare earths and reliable energy. Securing these inputs is not optional.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Aussie gets 75% of its energy from coal and a major exporter of meat. How about climate activists focus coal burning and meat consumption in their own country rather than showing their activism against India whose rural population are still spending their lives in darkness.
The question is that the said group is overburdened with more than Rs. One lakh crore debt. The group’s turnover and other financials do not justify such excessive lending. What is debt equity level of the group as a whole? The issue is not restricted to a lending decision made by one bank. What about piling up of debt liberally afforded by the entire banking system as a whole? Who will monitor this and what are prudential lending norms pertaining to loans availed by a group from the entire banking system? Does RBI monitor this? This group in particular wants to grow at a breakneck speed. Chances of accidental breakdowns cannot be ruled out . If this group becomes NPA what happens to our banking system?
Aussie gets 75% of its energy from coal and a major exporter of meat. How about climate activists focus coal burning and meat consumption in their own country rather than showing their activism against India whose rural population are still spending their lives in darkness.
The question is that the said group is overburdened with more than Rs. One lakh crore debt. The group’s turnover and other financials do not justify such excessive lending. What is debt equity level of the group as a whole? The issue is not restricted to a lending decision made by one bank. What about piling up of debt liberally afforded by the entire banking system as a whole? Who will monitor this and what are prudential lending norms pertaining to loans availed by a group from the entire banking system? Does RBI monitor this? This group in particular wants to grow at a breakneck speed. Chances of accidental breakdowns cannot be ruled out . If this group becomes NPA what happens to our banking system?