-Newsclick.in An assessment by the Environics trust and the Mineral Inheritors Rights Association shows that not even a single company qualifies the fit and proper person test often used by international agencies as a benchmark for a place in the bidding process of natural resources. For the first time in five decades, India’s coal reserves are up for grabs to private sector bidders. The auction for 38 coal blocks is currently underway....
More »SEARCH RESULT
Total Matching Records found : 76
After Jharkhand, Chhattisgarh and Maharashtra oppose the Centre’s auction of 41 coal blocks for commercial mining -Nidhi Jamwal
-GaonConnection.com Recently the Prime Minister Narendra Modi launched the auction of 41 coal mines for commercial mining in the country. Jharkand has already approached the Supreme Court opposing this move. Now, Chhattisgarh and Maharashtra governments have written to the Union environment minister opposing the auction to protect its forests, a tiger reserve and a proposed elephant reserve Three days after the Jharkhand government approached the Supreme Court of India challenging the Centre’s...
More »All you want to know about coal mine auctions -Satya Sontanam
-The Hindu Business Line Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announcements made by the Centre under the Atmanirbhar Bharat Abhiyan, was already proposed in January through the Mineral Laws (Amendment) Ordinance, 2020. What is it? These auctions invite participants to mine coal blocks by bids on the percentage value of coal sold that they will...
More »Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John
-BusinessToday.in Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...
More »Why has coal mining been opened up?
-The Hindu The approved methodology for auction of coal mines / blocks for sale will prioritise on transparency and ease of doing business. The Centre opened up commercial coal mining for the private sector on February 20. About 70% of power generated in India uses coal. Domestic coal has been able to meet only 75% of our annual coal demand. * What is the significance of the move? The government has termed it the...
More »
