Pandemic takes a toll on non-coal mining leases; six in 2020-21 against 43 in 2019-20

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During the current fiscal, 2020-21, very few non-coal mining leases were allotted. Compared with 43 blocks successfully auctioned in 2019-20, only six leases could be auctioned out so far in the current fiscal, data from the ministry of mines showed. Since the time mining allocation was made mandatory through the auction route in 2015, a […]

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India sanctions 134 food processing projects during the pandemic: Minister

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The Centre sanctioned 134 food processing projects across various states last year despite the COVID-19 pandemic and is committed to the growth of the sector, Union Minister Rameswar Teli said. Minister of State for Food Processing Industries Rameswar Teli participated in the fourth-edition of Emerging North East event on Friday in Guwahati. The event was […]

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NTPC’s Gadarwara Super Thermal Power Station in Madhya Pradesh fully operational

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State-owned power giant NTPC announced that unit-2 of its Gadarwara Super Thermal Power Station with 800 megawatt (MW) capacity, in Madhya Pradesh has been included in its installed electricity generation capacity. With this, the 1,600 MW Gadarwara Super Thermal Power Station (2 x 800 MW) has become fully operational. Located at Gadarwara in Narsinghpur district of Madhya […]

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India to file appeal against Rs 10,000 crore award to Cairn Energy

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The government of India is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax. In December 2020, an international tribunal had unanimously ruled that India violated its obligations under the UK-India Bilateral Investment Treaty in 2014, when the income tax department had slapped a Rs 10,247-crore tax assessment […]

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