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Ministry's royalty-sharing formula may come as relief to Coal India
In what could come as a relief to Coal India Ltd (CIL), the coal ministry wants a percentage of its royalty payment to be set as compensation for locals affected by mining operations. Besides, the ministry has called for captive coal miners to also be brought under the benefit-sharing regime, making a similar dispensation for them, too. In the Mines and Minerals Development and Regulation (MMDR) Bill,
In what could come as a relief to Coal India Ltd (CIL), the coal ministry wants a percentage of its royalty payment to be set as compensation for locals affected by mining operations. Besides, the ministry has called for captive coal miners to also be brought under the benefit-sharing regime, making a similar dispensation for them, too. In the Mines and Minerals Development and Regulation (MMDR) Bill,
Coal blocks for infrastructure projects get GoM nod
In a major relief to Anil Ambani-led Reliance Power, Aditya Birla Group and Essar Power, a 12-member ministerial panel on coal on Wednesday recommended environmental clearance for two coal blocks
Mitsubishi surprises Biyani, wants stake in flagship Big Bazaar
Japan’s Mitsubishi Corporation has sprung a surprise on Kishore Biyani by asking for a piece of Big Bazaar, Future Group’s flagship retail business. Sources familiar with the
India Inc tries to second-guess Rs movement
India Inc is suddenly talking about the falling rupee, given the extent of its slide. The depreciation is negatively affecting importers the most. For example, if an importer booked a product at, say,
India Inc is suddenly talking about the falling rupee, given the extent of its slide. The depreciation is negatively affecting importers the most. For example, if an importer booked a product at, say,
Vintage of next 1-2 years could be attractive for PE investors: Bharat Banka
Bharat Banka, MD & CEO, Aditya Birla Private Equity, has just raised money for a new fund. In an interview with Arijit Barman, he says providing capital to companies
Firms take asset sale route, as going gets tough
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.
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