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 Mines and Mineral Laws (Amendment) Bill also removed the current end-use restrictions, thereby allowing for wider participation and competition in auction.
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.
Difficulties in getting regulatory clearances, delays in land acquisition & shortages of railway rakes are likely to be a deterrent for foreign miners.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
From mafia and politicians exploitation of INDIA’s resources to corporatising resources to bring efficiency via professional mining a step in right direction. Modiji after freeing agriculture to a large extent from middlemen this is yet another good step. Though the same needs to be backed up by law enforcement.
From mafia and politicians exploitation of INDIA’s resources to corporatising resources to bring efficiency via professional mining a step in right direction. Modiji after freeing agriculture to a large extent from middlemen this is yet another good step. Though the same needs to be backed up by law enforcement.