SIGN IN SUBSCRIBE

News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
Two coal mines in Jharkhand allotted to CPSEs

 

By TIOL News Service

NEW DELHI, NOV 15, 2019: THE Ministry of Coal has allotted two Coking Coal mines, Rohne and Rabodih, to the Steel Central Public Sector Enterprises (CPSE’s). Allocated under the Coal Mines (Special Provision) Act, 2015, these mines located in Jharkhand will add about more than 10 MT per annum and boost the coking coal production in the country. This is a significant step towards reducing the dependence of Steel Industry on imported coal.

The ‘Rohne’ Coal Mine has been allotted to National Mineral Development Corporation Limited for Sale of Coal and will also serve the purpose of captive use of coking coal to NMDC’s upcoming steel plant at Nagarnar.

The ‘Robodih OCP’ coal mine has been allotted to Rashtriya Ispat Nigam Limited for captive use of production of Iron & Steel.

These mines will, over their lifetime, generate about Rs. 7000/- crore revenue for State Government, besides royalties and other applicable taxes. Both NMDC and RINL would set up their Washeries for washing coal.

This allotment is in addition to 5 coal mines which have been allocated to successful bidders and 6 coal mines which have allotted to PSU’s. In all, the  13 mines will add more than 35 MT per annum coal to the domestic availability of coal. Apart from the royalties and applicable taxes, the mines are slated to generate about Rs.31000/- crore revenue over their lifetime for State Governments.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST