Mr Satendra Kumar Gomasta took over as Director technical of Coal India’s exploration arm Central Mine Planning & Design Institute (CMPDIL) on February 26, 2020. Prior to this, he served as general manager, Mining, at another Coal India subsidiary Northern Coalfields Limited in Singrauli.
The Department for Promotion of Industry and Internal Trade (DPIIT) amended the Consolidated Foreign Direct Investment Policy 2017 to allow 100% foreign direct investment (FDI) in insurance intermediaries through the automatic route. Till now FDI up to 49% was allowed in insurance intermediaries through the automatic route.
India’s federal government will encourage inefficient state power utilities to seek privatisation and other institutional reforms to turn around money-losing operations and ensure reliable supplies to consumers, according to the top bureaucrat in the federal power ministry.
India has been increasingly advocating privatisation of ailing distribution companies as government efforts since 2015 to revive the utilities failed to turn around the firms, known as DISCOMS.
Steel and petroleum minister Mr Dharmendra Pradhan said that there are business and policy-level interactions for long-term engagement with the US for sourcing coking coal, since India is planning to raise domestic steel output from the current level of 140 million tonne to 300 million tonnes by 2030 and the requirement of coking coal is likely to rise 190% to 175 million tonnes.
Indian Transport & Logistics News, , February 24, 2020
The senior officials of the Railway Board and the Dedicated Freight Corridor Corporation of India (DFCCIL) noted that the on-going projects of eastern and western freight corridors to consume 17 metric tonnes of steel in next five years.