The move to not extend non-captive mining lease will impact 334 mines belonging to cos like Tata & Vedanta.
The centre has scheduled a meeting with three of the six units AITUC, HMS and CITU leaving out INTUC, AICCTU and BMS.
The fund will be used to restore three 220 KV and two 132 KV damaged power transmission lines and for restructuring of transmission lines damaged by Cyclone Fani at these three locations.
Earlier, operators were tied to the plant specified during the auction.
The state expects to sign a memorandum of understanding with the Centre in a week for the handover of the block in Bengal’s Birbhum district.
A whopping 12.8 lakh direct and indirect jobs were lost in the mining sector across Karnataka and Goa due to failure of regulatory mechanism, lack of oversight, judicial intervention and closure of mines, an industry official said on Wednesday.
Candidates aged not more than 30 years, holding a law degree and having two years of experience will be eligible for the post.
Along with this coal block, NTPC currently possesses 10 coal blocks with a total estimated geological reserves of over 7.3 billion tonnes and production potential of about 113 million tonnes per annum.
The coal ministry, which is conducting road shows in various cities, has prepared a list of prospective bidders for its 8th, 9th and 10th Tranches of auction.
As of now, the contribution of mining sector in GDP is decreasing, FIMI said as it requested the Prime Minister's intervention "for much needed fast-track reforms"
Last week, the centre allowed 100% FDI in coal which the unions think is detrimental to their interest in India.
If executed, the proposal could save Coal India alone a contingent liability of nearly Rs 53,331 core, the panel said in its report.
If executed, the proposal could save Coal India alone a contingent liability of nearly Rs 53,331 core, the panel said in its report. ET has seen a copy of the report.
For the last several months Coal India is also looking at acquiring coking coal assets in Russia, Canada and Australia.
However, barring three plants, the situation is not considered ‘critical’ or ‘super critical’ in terms of coal stocks because they have used more coal than they were to be supplied between April and now.
NMDC had given the contract to BHEL in 2011. BHEL was to complete the work till February 28, 2014.
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