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PRIVATISATION OF COAL MINING
Rs 1 lakh to Rs 14 crore in 24 years! Hindustan Zinc delivers 1,400x returns since Vedanta’s purchaseHindustan Zinc has delivered exceptional returns of 1,400 times since Vedanta acquired it in 2002. An initial investment of Rs 1 lakh has g...- India proposes to set up trading exchange for domestic coalIndia is planning to create a coal trading exchange to handle the increased coal output from privatized mines. This move aims to foster com...
- Coal India will not have luxury to retain loss-making mines, says officialLast year, the Maharatna public sector undertaking had announced that it would close down 23 unviable mines, including open cast and underg...
- Coal mines auction: Government devises plans to seek interests, participation of private sectorIn order to generate private sector interest the coal ministry is planning to organise road shows in different parts of the country.
- Private companies may have easy criteria for commercial coal mining auctionWhile the government will not regulate prices, marketing or sale of coal, and minimum production from the commercial coal mines will be spe...
- Govt committee recommends privatisation of coal sectorAll new auctions or allotments of coal mines has been recommended for commercial purpose only.
- NDA govt taking decisions in the interests of a few capitalists: MayawatiThe BSP president criticised the government's move of opening up coal mining to the private sector for commercial use.
- CIL rules out privatisation buzz, says no coal shortageCoal India is fully capable to fulfil the coal demand in India, he said, adding the company has plans to open new mines in the future.
- It’s backdoor privatisation of coal mines, Congress allegesCongress leadership said the Centre could face a public interest litigation from interested parties, challenging the constitutional validit...
- To look at alternatives if coal bill not passed in Rajya Sabha: Piyush GoyalMembers from parties like Cong, TMC, BJD and Left demanded that the bill should be referred to the Standing Committee for a thorough scruti...
- Approach Paper soon on coal mines auctionGovernment is expected to soon come out with an "Approach Paper" to elicit views of stakeholders on the process of auction of coal blocks.
- Coal India unions to meet on December 15 against Coal BillTrade union said unfortunately govt did not consult unions & passage of Bill in LS would result in a setback to Coal India & Singareni Coll...
- Private companies will be allowed commercial coal mining soon: Finance Minister Arun JaitleyIn 1993, private sector participation in mining of coal for captive use by industries like steel, cement and power producers was allowed.
- Coal unions warn of strike; oppose e-auction, commercial miningCoal is a vital national resource and allowing it to be handed over to private corporates would lead to "serious industrial disturbances."
- Unions smell ‘backdoor’ privatizationJiban Roy said, "The ordinance does not impact the 1973 Coal Nationalisation Act. But, there is a point of private mining.
- Congress, BJP on same page on coal issue: Prakash KaratCPI-M today said both stood for privatising the coal sector despite their stand-off on the CAG report which has resulted in disruption of P...
- Planning Commission pitches for opening coal mining for private sectorPlanning Commission pitched for privatisation of coal mining saying govt should have a consistent policy for energy sector.
- CITU opposes bidding for coal blocksThe Government's decision to allow competitive bidding for coal blocks draws protest from Left labour union CITU.
- Privatisation central to coal mining policyIndian coal industry is a classic example of a sector that despite its enormous potential has failed to make any significant impact at the ...
- Coal Min seeks legal opinion over NLC selloffNEW DELHI: The Coal Ministry has asked the Law Ministry to examine the issue of privatisation of Neyveli Lignite Corporation which is gover...
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