Anil Kumar Jain, Secretary, Ministry of Coal, Govt of India has said that the government is looking at reducing the entry barriers in coal mining which will have a spin effect on the GDP growth and the economy. He further added that the Ministry is open to all suggestions in this regard and will go to the Cabinet after the consultation series are over.
With the World Trade Organization’s Appellate Body not functioning, India and the US have agreed to engage in discussions in “good faith’’ to sort out the dispute over countervailing duties imposed by Washington on certain Indian steel products.
India’s steel exports are likely to decline in the next fiscal year starting April 1 on higher domestic demand from automotive and infrastructure companies, analysts said.
Exports of finished steel during the April-December period of the ongoing fiscal year increased marginally to 6.5 million tonnes from 6.36 mt in the same period last year, according to provisional figures released by the Joint Plant Committee
The Ministry of New and Renewable Energy’s new proposal for developers to blend renewable and thermal power may not find many takers, according to renewable energy consultancy firm, Bridge To India. Because of limited number of potential bidders, the scheme would not attract very competitive bids and may therefore not be cost attractive for discoms, it said.
The government plans to complete three of the 22 expressways and green corridors in the next three years, including the flagship Delhi Mumbai Expressway being built at a new alignment, Union minister Nitin Gadkari has said. These 22 projects comprising 7,500 km of greenfield expressways and corridors are planned to be completed by FY25 at a cost of ₹3.10 lakh crore.
In line with its plans to open up the country’s coal sector, the government has called meetings with various stakeholders to discuss the draft methodology as well as key bidding terms and conditions for auction of coal mines for commercial mining. This meeting will be held in Kolkata and Mumbai on January 28 and 29, respectively, the coal ministry said