Adi Godrej, President, Confederation of Indian Industry (CII), remarked that coal blocks allocated under due process should not be cancelled, as any such cancellation will adversely impact business sentiment. He also said that the judiciary should only interfere if there is any violation of law.
Category: Coal & Mining
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Panel suggests auction of mining leases
In order to bring about transparency and increase state revenue from allocation of mining leases, Justice MB Shah Commission recommended that such leases be granted through public auction. After holding several hearings and inspections in Goa, the commission said natural resources, mostly iron ore, had made a few leaseholders billionaires. It is necessary that leasehold rights for mining are granted by public auction. This would increase the income of the state and there would be transparency in
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A tough performer
The Construck PRIMA range of tippers from Tata Motors is especially suited to provide the necessary momentum in the construction and mining sectors.
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10% more coal supply in FY13
The Power Ministry expects Coal India and its subsidiaries to supply 347 million tonne (mt) of coal this financial year, compared with 312 mt in 2011-12, a rise of 10.1 per cent
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Cargo traffic at ports to grow by 5.9%
India’s overall cargo traffic at its ports (both major and minor) is expected to grow to 985.20 million tonne or 5.9 per cent in 2012-13. In 2011-12,
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Mines Bill conversion
The government intends to convert the draft Mines Bill into legislation soon for the benefit of the country’s tribal community, Prime Minister Manmohan Singh said.
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Rail freight traffic to grow 5.2%
Railway freight traffic is likely to clock a 5.2 per cent growth this fiscal on higher demand from coal and iron ore meant for domestic steel plants
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UP mining contracts
In order to root out corruption, malpractices and bring about transparency, Uttar Pradesh government has made it mandatory for all mining contracts to be awarded through e-tendering.
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Orissa to acquire land for rail corridor project
The Orissa government is to acquire about 5,000 acres of land for Angul-Talcher-Chhendipada (ACT) common railway corridor, officials said in Bhubaneswar.
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Simply mobile
With the growing use of smart phones, tablets and other hand-held devices, Atlas Copco is now taking full advantage of app technology to give its customers quick and easy access to information.