COAL BLOCKS

  • India @ 9 with Palki S Upadhyay 4 days ago

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • Government prepares draft guidelines on coal block allocation, first auction on Feb 15 4 days ago

    New Delhi: The Coal ministry has prepared draft guidelines on coal block allocations with the first phase of auction bidding for the coal blocks to take place on February 11, 2015. "There has to be specified end use for blocks to be allocated and a cap on the number of blocks...
  • Centre to examine Odisha government's push to reallocate coal blocks November 10, 2014

    Bhubaneswar: The Centre on Monday assured the Odisha government to consider its proposal of re-allocating coal blocks earlier given to some state-owned public sector undertakings and IPPs which made substantial progress in their projects. "I am informed that the state government has submitted such proposals...
  • Coal scam case: Court to consider CBI's final reports on November 12 October 31, 2014

    New Delhi: A Delhi court fixed November 12 for considering CBI's two final reports filed in a coal blocks allocation scam case involving Navbharat Power Pvt Ltd (NPPL) and its officials. Special CBI judge Bharat Parashar sought certain clarifications from the agency on its final reports in which it had...
  • Jaitley asks CAG not to sensationalise its work to get into headlines October 30, 2014

    New Delhi: Finance Minister Arun Jaitley on Wednesday asked the CAG not to sensationalise its findings to get into headlines. "Auditor should be conscious of the fact that he is reviewing a decision that has already been taken. Have the fair procedures been followed? He doesn't have to sensationalise. He...
  • Coal block case: CBI wants summons for two on corruption charges October 28, 2014

    New Delhi: The CBI on Tuesday moved a special court for issuing summons against two government officials in the coal block allocation case against Kamal Sponge Steel and Power Ltd under corruption charges. Public Prosecutor VK Sharma moved a plea before Special Judge Bharat Parashar and sought the court's direction against...
  • Centre to issue ordinance to auction cancelled coal blocks, says 'UPA's mess will be cleaned up' October 20, 2014

    New Delhi: Weeks after the Supreme Court cancelled allocation of 214 coal blocks, the government on Monday moved to bring an Ordinance that will enable it to acquire the land of these mines along with plants for auction later. "India will bring in the Ordinance to help auction of coal blocks...
  • Coalgate: CBI registers case against Jindal Steel & Power October 19, 2014

    New Delhi: A case of alleged cheating and corruption has been registered by CBI against Jindal Steel and Power company relating to the probe into coal blocks allocated during 1993-2005 period. CBI spokesperson said on Sunday that it is the 36th FIR in connection with its probe in the coal...
  • Companies given 6 months to wind up, can't be stopped from mining coal: SC October 16, 2014

    New Delhi: The Supreme Court on Thursday refused to restrain coal companies, which were directed to wind up mining operations in six months after their coal block allocations were cancelled by it, from extracting coal during this period and selling it in the market. A bench headed by Chief Justice HL...
  • Coalgate: Closure report approved by Ranjit Sinha lacks logic, says Court October 15, 2014

    New Delhi: CBI Director Ranjit Sinha on Wednesday drew flak from a special court which said that the closure report approved by him in a coal block allocation scam lacked any legally sustainable "reasons or logic". The court, which ordered further probe in one of the case arising from coal...
  • NTPC to seek clarification from SC on 3 mines October 7, 2014

    Mumbai: National Thermal Power Corporation on Tuesday said that it would seek a clarification from the Supreme Court on its recent order that cancelled the allocation of three coal mines that belonged the state-owned firm. Of the 218 coal mines reviewed by the apex court,...
  • Government seeks AG's opinion on need for Ordinance on coal blocks October 6, 2014

    New Delhi: The Coal Ministry has sought the opinion of Attorney General on whether the government needs to bring out an Ordinance to deal with the issues arising from the Supreme Court decision to deallocate coal mines. The issues that need to be resolved by...
  • Coalgate: System has flexibility to deal with loans, says Raghuram Rajan September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said that there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue...
  • SC order on coal block allocations: Banks to ask RBI for recasting loans September 29, 2014

    Mumbai: Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said that the lenders will approach RBI for restructuring such assets. "Some impact may be there, and what exactly it will be is being...
  • SC verdict provides opportunity to initiate reforms September 25, 2014

    New Delhi: A day after Supreme Court scrapped the allocation of 214 out of 218 coal blocks since 1993, a city-based research and advocacy think-tank on Thursday said that the apex court's intervention provides an opportunity to initiate reforms in the entire mining sector. Centre for Science and Environment (CSE) said...
  • SC verdict on coal blocks: Mahagenco to seek Centre's intervention for linkage September 25, 2014

    Mumbai: A day after the Supreme Court cancelled allocation of 214 coal blocks, state power generator Mahagenco on Wednesday said that it will seek Centre's intervention to ensure coal linkage for its plants which are linked with some of these blocks. "Mahagenco is making efforts to assess and minimise the impact...
  • Supreme Court verdict scrapping coal blocks to weigh on lenders September 25, 2014

    Mumbai: The Supreme Court verdict scrapping most coal extraction permits given to companies over two decades has raised concerns that loans to the holders of the permits could turn sour, piling pressure on lenders already battling a rise in bad loans. The court said on Wednesday that companies will have until...
  • Bullet News: Catch the day's top stories September 24, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey September 24, 2014

    Catch the day's top stories on India @ 9 with Bhupendra Chaubey from New Jersey. ...
  • News 360: ISRO orbiter Mangalyaan sends Mars pictures September 24, 2014

    It's been just 12 hours since India's first interplanetary mission, the Mars orbiter, entered the red planet's orbit successfully and it is already hard at work. The Mangalyaan has sent back five photographs of Mars. The Indian Space Research Organisation (ISRO) confirmed that their ground station had receieved the first...
  • SC accepted our suggestion on coal block cancellation: Sriprakash Jaiswal September 24, 2014

    New Delhi: Former Coal Minister Sriprakash Jaiswal on Wednesday said that the Supreme Court has accepted the previous UPA government's suggestion of cancellation of coal blocks which were allocated since 1993. The Supreme Court on Wednesday quashed allocation of 214 which were alloted to various companies since 1993. "The Supreme Court...
  • SC cancels 214 coal block allocations, says government free to auction all after March 2015 September 24, 2014

    New Delhi: Almost a month after the country's top court declared 218 coal block allocations made between 1993 and 2009 as illegal and non-transparent, the apex court on Wednesday cancelled 214 allocations dealing a blow to the coal companies. The highlights of the judgement, that takes a critical view of the...
  • SC judgement on Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries September 24, 2014

    New Delhi: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender State Bank of India and private...
  • SC ruling on coal blocks likely to hit economy: India Inc September 24, 2014

    New Delhi: The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said on Wednesday. "The decision taken by the Supreme Court to cancel all but four...
  • 'Metal, mining co to be impacted; JSPL, Hindalco worst be hit' September 24, 2014

    New Delhi: Almost all major metal and mining firms would be affected by the Supreme Court ruling cancelling 214 coal blocks, but Naveen Jindal's JSPL and Aditya Birla Group's Hindalco would be among the worst hit, analysts said. Jindal Steel and Power (JSPL) was allocated six...
  • Hope government will devise relief plan: Birla on coal blocks order September 24, 2014

    Mumbai: Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said that the Union Government should ensure that the massive investments made by the companies to acquire coal blocks do not go down the drain following Supreme Court's order cancelling the mine permits. In a major blow to the corporate sector,...
  • Quashing of 214 coal blocks 'first effective blow' to crony capitalism: JDU September 24, 2014

    New Delhi: JD(U) on Wednesday welcomed the Supreme Court's decision to quash the allocation of 214 of the 218 coal blocks allotted since 1993 and said it was the first effective blow to "crony capitalism". "I welcome it. This is the first effective blow to expanding crony capitalism. "After this order,...
  • SC cancelling coal block allocation will enable fresh start: Government September 24, 2014

    New Delhi: Government on Wednesday said that Supreme Court's decision to cancel the allocation of 214 coal blocks was in accordance with its stand and will enable it to make a 'fresh start'. "Basically, the judgement is in accord with the Government of India's stand in...
  • Coal scam: SC cancels all coal block allocations except four September 24, 2014

    New Delhi: The Supreme Court on Wednesday cancelled 214 coal block allocations between 1993 and 2008 except for four, which are government-run non-joint ventures. The coal blocks exempted include Sasan, UMPP, NTPC and SAIL. The court said that the allocations are arbitrary and that there were no basis for the allocations....
  • CBI probe in coal scam case bereft of basic nuances: Court September 18, 2014

    New Delhi: Observing that the CBI probe into a coal block allocation case was "bereft of basic nuances of investigation", a special court today ordered further probe in an FIR in which the agency had filed a closure report against Kolkatabased Vikash Metals and Power Ltd and its officials. The court...