CIL plans 52 coal mining projects to reach 1 billion tonnes by FY26
Steel Ministry Proposes 25% Safeguard Duty on Steel Imports
The Steel Ministry has proposed a 25 percent safeguard duty on the import of certain steel items to protect the domestic steel industry from the rising influx of cheap imports. This proposal was discussed in a meeting between Union Minister of Steel H D Kumaraswamy and Commerce Minister Piyush Goyal in New Delhi, attended by senior officials from both ministries and executives from leading steel companies like SAIL, Tata Steel, JSW Steel, and AMNS India. The proposal comes in response to concerns raised by domestic steel players, who have been struggling with competition from cheaper imports, ..
Telangana Auctions Limestone Mines in Landmark Move
Telangana has become the 13th state to join India’s mineral auction regime by successfully auctioning two limestone blocks in November. The auctions for the Saidulnama and Sultanpur limestone blocks, held on November 22, were won by Deccan Cements and NCL Industries, marking a significant step in the state’s mining sector. The auction of these mines follows the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015, which laid the foundation for mineral auctions across the country. Telangana had delayed its entry into the regime under previous political leadership but h..
Tripura Demands Rs 1.35 Bn Power Dues from Bangladesh
Tripura has demanded the immediate settlement of Rs 135 crore in electricity dues from Bangladesh amidst growing tensions between the two nations. The outstanding payment, part of a power trade agreement through NTPC Vidyut Vyapar Nigam (NVVN), has significantly impacted the financial stability of Tripura State Electricity Corporation Limited (TSECL). Tripura's Power Minister, Ratan Lal Nath, highlighted that while Bangladesh has made payments in installments, they have not been sufficient to cover the growing arrears, affecting TSECL's finances. The state charges Rs 6.65 per unit of electrici..