State-owned Coal India Ltd (CIL) on Wednesday said it is expecting to conclude the wage agreement (NCWA-XI) within a month, which would benefit its 2.38 lakh strong non-executive workers. Wages of the non-executive workers, which account for 94 per cent of Coal India’s workforce, are revised every five years. The hike is due from July […]
Category: Coal
Coal levy PMLA case: ED attaches assets of 2 Chhattisgarh Congress MLAs, PCC treasurer
Immovable assets, luxurious vehicles, jewellery and cash worth over Rs 51 crore belonging to Chhattisgarh Congress MLAs Devender Yadav, Chandradev Prasad Rai and PCC treasurer Ramgopal Agarwal among others have been attached in the alleged coal levy probe case, the Enforcement Directorate said on Tuesday. The properties belonging to IAS officer Ranu Sahu, coal trader […]
India coal imports surge to 162 MT in FY23; inbound coking coal shipment grows to 54 MT
India’s coal imports increased by 30 per cent to 162.46 million tonnes in the 2022-23 financial year against 124.99 MT in the year-ago period, according to a report. The import of coking coal rose 5.44 per cent to 54.46 MT over 51.65 MT in FY22, mjunction said in its latest report. In March alone, the […]
CIL makes Rs 8,153 cr provision for higher wages
The government-run Coal India has set aside Rs 8,152.75 crore from its profit in the financial year 2022-23 to meet the expense of higher salary payments to its employees, which is due for revision from July 1, 2021. The company’s net profit dipped by 18 per cent year-on-year to Rs 5,528 crore for the quarter […]
Coal India sets aside Rs 8,153 crore for higher wages
The government-run Coal India has set aside Rs 8,152.75 crore from its profit in the financial year 2022-23 to meet the expense of higher salary payments to its employees, which is due for revision from July 1, 2021. The major part of this provision was made during the fourth quarter of the financial year ended […]
India amends power policy draft to halt new coal-fired capacity
India plans to stop building new coal-fired power plants, apart from those already in the pipeline, by removing a key clause from the final draft of its National Electricity Policy (NEP), in a major boost to fight climate change, sources said. The draft, if approved by the federal cabinet chaired by Prime Minister Narendra Modi, […]
Meghalaya to resume mining after two months: CM Conrad in Sohiong poll campaign
Meghalaya CM Conrad K Sangma on Monday announced that scientific mining in the state will begin in the next two months with the Centre approving the mining leases of four miners recently. “This NPP government has been working tirelessly to resume mining in the state. So in 2019, we filed a petition in the Supreme […]
India’s coal output rises 8.67% to record 73.02 mn tonnes in April
India’s coal production rose 8.67 per cent year-on-year to record 73.02 million tonnes in April this year. “India’s coal production has made a new record of the highest production during the month of April 2023, achieving 73.02 million tonnes (MT) of coal with a growth of 8.67 per cent as compared to 67.20 MT during […]
Centre withdraws 3 Tamil Nadu coal blocks from auction list after Stalin’s letter
Government has excluded three coal mines situated in Tamil Nadu’s protected agricultural zone, from auction, after state’s chief minister M.K. Stalin had urged the Centre to do so. Stalin had written to Prime Minister Narendra Modi on April 4 to exclude three coal/lignite mining blocks located in the state’s Cauvery delta region from the proposed […]
Will not allow auction of coal blocks in Cauvery delta: Tamil Nadu
Tamil Nadu government on Wednesday asserted that it will not allow the Union Coal Ministry to auction three coal/lignite blocks in the state, two of which fall in the fertile Cauvery Delta region a designated protected Agriculture Zone, as farmers are up in arms against the proposed move as they believe it will have adverse […]
ED sent to Chhattisgarh to destabilise government, raids politically motivated: CM Baghel
Chhattisgarh Chief Minister Bhupesh Baghel on Sunday dubbed the ED’s raids in the state as “politically motivated” and alleged that since the BJP could not even make any attempt to topple his government, efforts were now on to destabilise it through the misuse of the central agency. He also said that despite carrying out raids […]
Government puts 106 coal mines on sale in 7th round of auction
The Centre on Wednesday launched the 7th round of commercial coal mines’ auction putting on sale 106 mines spread across 11 states including Jharkhand, Chhattisgarh, Maharashtra and Tamil Nadu. Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored. The Ministry of Coal also signed […]