Govt has allocated 75 coal mines for end-users: Goyal
The Dollar Business Bureau The Government has allocated 75 coal mines (44 coal mines through allotment and 31 coal mines through e-auction) for specified end uses, a senior government official said on Monday. “The expected revenue of these 75 coal mines, which shall accrue to the coal bearing states under Coal Mines (Special Provisions) Act, 2015 is estimated at more than Rs. 3.53 lakh crores during the life of mine/lease period,” Coal Minister Piyush Goyal said in a written reply to Rajya Sabha. The government estimates the total revenue from the e-auction of 31 coal cines to be Rs.1,96,698 crores. It has already generated Rs.2,237 crore revenue from the allocation of 74 coal mines as on May 31. Meanwhile, the off-take of Coal India Ltd. ...
Centre steps up efforts to take India's growth to 9-10%: FM
The Dollar Business Bureau Tax reforms and various other measures taken by the government will boost investment in India and the country will achieve 9-10 % growth in the coming years, Finance Minister Arun Jaitley said on Friday. “The cumulative impact of these (initiatives), I believe, will increase our capacity to grow is more than 9%, it is 10%,” he said in an interview to the DD News. According to the World Bank and International Monetary Fund, the Indian economy is expected to grow at 8 to 8.5% during the current fiscal, up from 7.4 per cent estimated in previous financial year. He said that his government has been making special efforts to tackle farmers’ issues and boost infrastructure and agriculture. ...
