-The Hindu India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Developing the sector will help to create jobs and result in higher economic growth The Gross Domestic Product (GDP) is likely to grow 5.5 per cent and the economic slowdown shows no sign of halting. India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Spurring...
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Power ministry push for NTPC plant -Sumi Sukanya
-The Telegraph Union power ministry is understood to have decided to go ahead with its 1980MW project covering Chatra and Hazaribagh districts, overriding coal ministry objections but has agreed to cut down land use for the proposed plant in North Karanpura. Setting aside objections of the coal ministry, which wanted the project shifted out of the coal-rich area, the power ministry has now moved a draft cabinet note indicating its resolve to...
More »Crunching numbers to soften Coalgate -Shalini Singh
-The Hindu The CAG has a lot of explaining to do on the methods used to reduce the loss it estimated in its draft report Comptroller & Auditor General Vinod Rai, who has maintained a dignified silence despite being in the government’s line of fire for his controversial report on coal, now has no choice but to break his silence. On Thursday, he appears before the Public Accounts Committee (PAC) where he is...
More »Govt took away 40 blocks from CIL: CAG report -Sanjib Kr Baruah
-The Hindustan Times The coal ministry took away 40 blocks that had been allotted and "explored in detail" by Coal India Limited (CIL), a PSU, so they could be handed over to private parties, a CAG report has said. These 40 came from a chunk of 48 blocks de-reserved from CIL's kitty in May 2006. As of June 2011, of the 48 blocks , nine blocks remained unallocated, three were de-allocated after...
More »Government may cancel 80% of controversial coal permits
-The Hindustan Times More than 50 of the 60 coal blocks being reviewed by an inter-ministerial group (IMG) for inordinate delays face the risk of de-allocation if the projects are unlikely to kick off before 2013. This includes the possible cancellation of mining rights of seven captive coal blocks given to private companies during the BJP-led NDA’s rule between 1999 and 2004, top sources told HT. The IMG, headed by additional secretary...
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