The Ministry of Coal today successfully executed Coal Mining Development and Production Agreements for three coal mines auctioned under the Second Attempt of the 7th Round. This event marks a significant milestone in success of commercial coal mining. Among the three mines, two are partially explored, while one is fully explored. The mines for which agreements were executed are Machhakata (Revised) coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mine. The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively. The estimated annual revenue generation under commercial auction…
Author: Aruna Sharma
(PTI) A fresh batch of 4,669 pilgrims, including 96 sadhus and two sadhvis, left Jammu city to join the pilgrimage to the cave shrine of Amarnath in the south Kashmir Himalayas early Saturday, officials said. They will leave for the shrine, at a height of 3,880 metre, after reaching the two base camps of the yatra — Baltal and Pahalgam. The 16th batch of pilgrims, which also included 1,130 women and 23 children, left Bhagwati Nagar base camp here in a convoy of 183 vehicles between 3 am and 4 am under tight security arrangements, the officials said. While 3,039 pilgrims are heading…
(TH) The National Bank for Agriculture and Rural Development (NABARD) has announced an agri fund for Start-Ups & Rural Enterprises (Agri-SURE), with initial corpus of ₹750 crore to be managed by its wholly owned subsidiary Nabventures. While NABARD and the Ministry of Agriculture are contributing ₹250 crore each, the rest ₹250 crore is from other institutions. The fund is structured to support about 85 agri start-ups with investment sizes of up to ₹25 crore each by the end of its term. The fund will provide support through investments in sector-specific, sector-agnostic, and debt alternative investment funds (AIFs), as well as direct equity…
Shri Piyush Goyal, Commerce and Industry Minister of India, will visit Reggio Calabria, Italy on 16th and 17th July 2024 to participate in the outreach session of the G7 Trade Ministers’ Meeting. During this visit, Shri Goyal will also engage in bilateral meetings with the trade ministers of G7 countries and other participating nations in the outreach session, reinforcing India’s commitment to global trade and investment partnerships. This visit underscores India’s strategic efforts to showcase the immense trade and investment opportunities it offers, emphasizing its status as a democratic nation with a strong rule of law. Prior to his visit…
The Prime Minister, Shri Narendra Modi laid the foundation stone and dedicated to the nation multiple projects related to the road, railways and ports sector worth more than Rs Rs 29,400 crores in Mumbai, Maharashtra today. Addressing the gathering, the Prime Minister expressed happiness for getting the opportunity to lay the foundation stones and dedicate multiple projects worth more than Rs 29,400 crores to improve road and rail connectivity between Mumbai and nearby regions. He also spoke about a huge skill development project for the youth of Maharashtra which will further boost employment opportunities in the state. The Prime Minister…
(MC) NLC India share price jumped in the early trade on July 8 after the company bagged second commercial coal mine block at Machhakata, Odisha.At 09:22am, NLC India was quoting at Rs 266.10, up Rs 4.55, or 1.74 percent, on the BSE. “…. has emerged as successful bidder for Machhakata (revised) coal mine in Angul district of Odisha subsequent to the commercial coal block E-auction held on 02.02.2024 by Ministry of Coal,” company said in its exchange filing.The coal mine block is having a total coal reserve of 1377 million tonnes (approximately) with a peak rated capacity of 30 million tonnes…
(BS) Britain’s new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said. Tata, Britain’s biggest steel producer, started closing one of its carbon-intensive blast furnaces on Thursday while the shutdown of its other one is slated for September, resulting in the loss of up to 2,800 jobs at Port Talbot in South Wales. The new government will need to sign the 500 million pound ($635 million) support package the previous government agreed with Tata Steel to help build a lower-carbon electric arc furnace, but unions…
(BS) The Uttar Pradesh government has signed more than 150 defence manufacturing deals worth Rs 25,000 crore as the state administration eyes India’s burgeoning defence export basket. India’s annual defence production hit a record high of almost Rs 1.27 trillion in 2023-24 (FY24), up 16.7 per cent over the previous year’s figure of about Rs 1.09 trillion, the Ministry of Defence (MoD) said on Friday. The defence projects are coming up in the mega UP Defence Industrial Corridor (UPDIC) spanning six nodes of Lucknow, Kanpur, Jhansi, Aligarh, Chitrakoot and Agra districts. These projects are estimated to create 40,000 fresh jobs,…
(HT) The government may double beneficiary base under its flagship Ayushman Bharat health insurance scheme over the next three years starting with all those aged above 70 years to be brought under its ambit. The Centre could also increase the insurance coverage to ₹10 lakh per year in the Union Budget 2024, PTI reported citing official sources in the know. The proposal would entail an additional expenditure of ₹12,076 crore per annum for the exchequer as per estimates prepared by the National Health Authority, the report added. Sources told PTI, “Discussions are happening to double the beneficiary base under the AB-PMJAY over…
(HT) Prime Minister Narendra Modi will be on a two-day visit to Moscow from Monday, July 8 to July 9, at the invitation of Russian President Vladimir Putin to hold the 22nd India-Russia Annual Summit. This will be Modi’s first visit to Russia since Moscow invaded Ukraine in February 2022. His last visit to Russia was in 2019, when he attended an economic conclave in the Far East city of Vladivostok. PM Narendra Modi is expected to reach Russia by Monday afternoon (IST). The annual summit between Modi and Vladimir Putin is the highest institutional dialogue mechanism in the strategic partnership…