Coal

  • Coalgate: CBI files closure report, clean chit to government servants 2 days ago

    New Delhi: CBI on Tuesday filed a revised closure report regarding the role of public servants in a coal blocks allocation scam case in which Navbharat Power Pvt Ltd and others were earlier chargesheeted as accused. CBI, in its revised supplementary report, told Special CBI Judge...
  • Coalgate: System has flexibility to deal with loans, says Raghuram Rajan 2 days ago

    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...
  • System has flexibility to deal with loans: Raghuram Rajan on Coalgate 2 days ago

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said 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 is putting...
  • SC order on coal block allocations: Banks to ask RBI for recasting loans 3 days ago

    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 6 days ago

    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 6 days ago

    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 1 week ago

    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...
  • SC scraps coal allocations, firms likely to pay Rs 7,905 cr in penalty 1 week ago

    New Delhi: Jindal Steel and Power Ltd, Hindalco and other companies whose coal mine allocations were scrapped by the Supreme Court on Wednesday are likely to pay about Rs 7,905 crore in penalty. The Supreme Court while cancelling 214 of 218 coal mine permits given to companies for their own...
  • Bullet News: Catch the day's top stories 1 week ago

    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 1 week ago

    Catch the day's top stories on India @ 9 with Bhupendra Chaubey from New Jersey. ...
  • News 360: ISRO orbiter Mangalyaan sends Mars pictures 1 week ago

    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 1 week ago

    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 1 week ago

    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 1 week ago

    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 1 week ago

    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' 1 week ago

    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 1 week ago

    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 order is in line with the government's framework, says Ravi Shankar Prasad September 24, 2014

    In an interview to CNN-IBN, Law Minister Ravi Shankar Prasad commented on Supreme Court's decision on the coal scam. "The order is in line with government's framework. There is some closure, its a fresh beginning now," said Ravi Shankar Prasad. ...
  • 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....
  • CIL scouting for locations for Rs 7,000 cr solar projects September 22, 2014

    New Delhi: Stateowned Coal India (CIL) is in the process of identifying places for setting up of solar projects worth Rs 7,000 crore. "Coal India is in the process of identifying places for setting up the solar projects," a source said. "The directions for the same were given to the...
  • 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...
  • Coalgate: Court to hear case against two government servants on October 1 September 17, 2014

    New Delhi: A special court on Wednesday fixed October 1 for hearing a coal block allocation case, in which the Delhi High Court recently quashed charges against Chhattisgarhbased Prakash Industries Ltd and its director. The matter was fixed for October 1 after CBI said that it required...
  • What was the hurry to close case against industrialist Birla, Court asks CBI September 12, 2014

    New Delhi: A Delhi Court on Friday hit out the Central Bureau of Investigation over missing files in the Birla Hindalco closure report that was filed in August. The CBI had informed the court that the original minutes of screening committee meetings which dealt with Birlaowned Hindalco's application were missing. "What...
  • I wrote to Manmohan Singh warning him over 2G allocations, claims Congress's Kamal Nath September 12, 2014

    New Delhi: In a statement that could send ripples across the Congress, senior party leader and former parliamentary affairs minister Kamal Nath has claimed that he had warned former prime minister Manmohan Singh over 2G allocations. "I did write a letter to the PM warning him of the allocations in...
  • Manmohan Singh isn't answerable, says Congress as exCAG blames him of inaction during scams September 12, 2014

    New Delhi: The allegations of former Comptroller and Auditor General of India Vinod Rai has brought former prime minister Manmohan Singh back in the dock. In his yet to be released book "Not Just an Accountant", Rai has accused the former PM of taking no corrective measures to avert loss...
  • Vinod Rai lashes out at Manmohan; says Congress leaders brought pressure September 11, 2014

    New Delhi: Former CAG Vinod Rai has come out with a stinging criticism of former Prime Minister Manmohan Singh saying integrity is not just financial but intellectual and professional too and claimed that Congress leaders had sought to apply pressure on him to keen the PM's name out of audit...
  • Bullet News: Catch the day's top stories September 10, 2014

    Bullet News is CNNIBN's nonstop 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 10, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...