Winners of producing coal blocks will have one month to apply for statutory permissions for transfer of the blocks in their names or face a deduction in the performance bank guarantee, according to a Coal Ministry timeline. Deviation from the mining plan of such blocks would need to be submitted within four months and approved within 10 months.
FlashNews:
IndiGo Adds 12 New Domestic Routes in October, Strengthens Regional Air Connectivity Across India
IndiGo Deepens Indian Ocean Connectivity with New Routes to Bali and Malé
Air India Express Adds Jodhpur and Udaipur to Domestic Network, Expands Footprint to 60 Destinations
Noida International Airport Pioneers India’s Green Construction Shift with LC3 Cement
Domestic Flyers Drive Digital Airport Revolution with Record Self-Check-In and DigiYatra Uptake: CSMIA
MOVIN Express Director Maps Festive Logistics Strategy for 2025: Reliability, Speed, and Scale
JNPA Launches India’s First EV Trucking Fleet; Targets 90% Conversion by 2026
India’s Green Hydrogen Push Gains Global Momentum with Cost Edge and Policy Muscle: S&P Global Commodity Insights
Low-Cost Capital Crucial to Power India’s Clean Energy Manufacturing Surge: CII-PwC
PM Modi Launches India’s Largest Solar-Plus-Storage Project in Rajasthan
Suzlon Commits to Full EV Fleet by 2035, Targets 24% Emissions Cut Under Global EV100 Pact
Cochin Shipyard Partners with HD Korea to Build Large Vessels, Invests Rs 18.7 Billion in Kochi Facility
India Must Target 40-Fold Surge in Green Energy to Meet 2047 Goals: CII-EY Report
India Unveils ₹697 Billion Maritime Revamp to Boost Shipbuilding, Jobs, and Global Competitiveness
Navi Mumbai International Airport: India’s Newest Gateway to Growth, Connectivity and Investment
Air India Group Unveils Strategic Operational Blueprint for Navi Mumbai International Airport
CISF Takes Charge of Aviation Security at Noida International Airport Ahead of 2024 Operational Launch
AgniKul Cosmos Commissions India’s First Integrated Rocket 3D Printing Facility to Power Affordable Space Dream
Centre Moves to Resolve PPA Logjam with States, Says MNRE Minister Pralhad Joshi
Tag: bank
Good Neighbours
India and China have drawn up massive plans for infrastructure upgradation. There are a number of areas where the neighbours can collaborate for a win-win situation. The road is set as China has shown keen interest in participating
RBI fixes timelines for regulatory nods
Now, private entities aspiring to set up banks can expect to hear about the status of their applications from the Reserve Bank of India (RBI) in 90 days. The 90-day period for issue of in-principle approval for private bank licences would commence
ADB may fund Chennai-Vizag corridor
Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad.
More coordination on global monetary policy sought
RBI Governor Raghuram Rajan made a case for more coordination in monetary policies by different central banks to deal with the spillover effect on emerging markets. He said that central banks should reinterpret their domestic mandate to take into account other country reactions over time, and thus become more sensitive to spillovers.
Banking licence likely to provide IDFC access to low-cost bank deposits
IDFC Ltd has won a banking licence as per a recent RBI announcement. A banking licence would provide a window to IDFC to access low-cost bank deposits and reduce reliance on high-cost term loans and, thus, help expand margins. The company was set up in 1997 as a specialised lender for big-ticket infrastructure project with long gestation period.
Indian economy may grow around 5%: RBI chief
India's economy may grow at 5 to 5.5 percent rate in 2013-14, Reserve Bank of India Governor Raghuram Rajan said. In an article written on Project Syndicate, the governor said this rate of growth is "not great, but certainly not bad for what is likely to be a low point in econ
RBI expects fall in corporate investment
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
Banks want easier implementation of SARFAESI Act
Some bankers suggest Reserve Bank of India (RBI) to bring about enabling framework for effective implementation of SARFAESI Act. Bankers argue that despite the existence of this act, they face difficulties at the field level in taking physical possession of mortgaged properties from defau
Banks raise interest on NRI deposits
Some banks raised interest rate on non resident Indian (NRI) deposits in order to attract more dollar into the country. Earlier, Reserve Bank of India (RBI) allowed lenders to offer higher interest rates on NRI accounts to attract dollar and thereby reduce weakness in rupee exchange