Panel seeks comments on deduction of BGs from allocattees today.
In the first two tranches of the auction of 29 coal blocks bids, the government has garnered proceeds of Rs 2.09 lakh crore.
The JV has already secured forest clearance for 315.81 hectares of land in November last year for operating the mine.
Can now set aside 10% of production for e-bids.
SteelMin had pressed for raising import duty to protect domestic industry
No proof of collusive bidding, says Coal Ministry arm.
They are currently handed out in the form of Letters of Assurances to the companies though the coal ministry.
The five mines which were part of the 13 Schedule-III blocks were auctioned in the second tranche.
The fate of five mines won by firms like Hindalco, Jindal Power and Usha Martin has been uncertain.
E-auction of 32 blocks has yielded potential revenues, royalties, upfront payments of Rs2.07L cr: Coal Minister.
Expert panel to work on replacing multiple permissions.
To be auctioned in plug-and-play mode; clean energy cess on coal to be hiked.
To promote coal-fired power generation, the finance minister may also abolish the 2.5 per cent customs duty on coal imports imposed in the last budget.
For SAIL, sales realisation which stood at Rs 942 crore in December 2014 decreased by 13 per cent against Rs 1,081 crore recorded in the same month in 2013.
SAIL’s board had in December approved setting up of a SPV — Chhattisgarh Mega Steel Limited and the state-run steel maker and NMDC will ink an MoU for executing the project.
The CAG had computed the figure of Rs 295 per metric tonne as additional levy.
Move to help govt mobilise revenue of around Rs21K crore.
Arun Jaitley will soon chair a meeting to explore the possibility of lowering the export duty on iron ore fines.
Coal ministry has issued an addendum saying firms bidding for coal blocks will have to pay the IPO during the technical bid process.
Targets 13 million tonne coal production within 3 years/