Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.
Tag: Coal Mines
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Govt eases green clearance norms
The environment ministry has eased the clearance process for coal mines planning to increase production from existing mine lease area.
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Action plan for CIL
Coal India (CIL) has been asked by the new government to prepare an action plan for enhancing output over the next five years and fast-track the completion of projects and expansion of existing coal mines. The government has also asked CIL to adopt an action plan for technology development and modernisation of mines.
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Govt may form task force to draft policy on underground mining
Public sector miner like Coal India (CIL) and other companies have urged government to draft a policy for the development of underground coal mines in the country. Following this, the union coal ministry has reportedly proposed to set up a task force to map out a strat
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CIL's coal production
Coal India (CIL) said out of the 119 mines allocated to it, the firm expects to begin production from three mines during the 12th Five Year Plan. During the 13th Plan period (2017-21), the company plans to begin production from 14 blocks. The letter also shows that in case of 11 coal mines the exploration has been completed.
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Centre to assert its right to allot coal blocks
In a reply to the Supreme Court, the union coal ministry plans to assert its right to allocate coal blocks under legislations like Coal Mines (Nationalisation) Act, Coal Bearing Areas Acquisition & Development Act. It may be recalled that the apex court recently questioned the centreÂ’s authority to allocate coal blocks during the hearing of a public interest litigation (PIL) rega
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PTC India to launch PE fund
PTC India has entered into an initial agreement with a sovereign wealth fund to create a private equity (PE) fund with a start-up capital of $200 million.
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Private Equity: Telecom's infra-sharing model can be replicated in other sectors
IDFC was established in 1997 to channel the private capital into the infrastructure sector, and IDFC Private Equity was established in 2002-3 to provide equity support to infrastructure sector.