• The government said it is initiating the process of coal auctions and the first round of sale of blocks under commercial mining is proposed to be launched in the ongoing fiscal.
  • The government has approved an ordinance to ease mining laws that will allow global players to enter the coal sector.
  • Concerned over rise in imports in the ‘others’ category, Commerce and Industry Minister Piyush Goyal asked those importers to seek HSN or tariff code within 30 days from the foreign trade office, failing which the government would impose strong restrictions on their inbound shipments.
  • India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, officials told.
  • Four binding offers for the 8-million tonne per annum business of Emami Cement went in from Aditya Birla flagship UltraTech, Nuvoco Vistas (formerly Nirma Cement), Ambuja Cements, a LafargeHolcim company, and Star Cement. UltraTech and Nuvoco are seen as the key contenders.
  • Housing sales declined 30% during the third quarter of this fiscal year to around 64,000 flats across nine major cities on poor demand amid economic slowdown, according to a PropTiger’s report.
  • PropTiger tracks property markets of Ahmedabad, Bengaluru, Chennai, Gurugram (including Bhiwadi, Dharuhera and Sohna), Hyderabad, Kolkata, Mumbai (including Navi Mumbai and Thane), Pune and Noida (including Greater Noida and Yamuna Expressway).