News Update

Jio turns world’s top telco in terms of data trafficIndia takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in LondonGadkari faints during campaign; Heat takes toll on his health'Sunflowers were the first ones to know' - film by FTII student selected at CannesSARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HCSC asks EC to submit more info on reliability of EVMsGST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HCGST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HCGST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HCGST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HCItaly imposes USD 10 mn fine on Amazon for unfair business practicesGST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HCCaste Census is my mission, says RahulRight to Sleep - A Legal lullabyUS warns Pak of punitive sanctions against trade deal with IranI-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HCChinese companies decry anti-subsidy probe by EUI-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITATUK to send military aid package worth USD 619 mn to UkraineUS regulator bans non-compete agreements by employeesAir India, Nippon Airways join hands for travel between India and JapanSC grills Baba Ramdev & Balkrishna in misleading ad case
 
Commercial Coal Mining to create 60K addl employment in Chhattisgarh: Coal Minister

By TIOL News Service

NEW DELHI, AUG 01, 2020: COMMENCEMENT of commercial coal mining will start new era of growth & development in Chhattisgarh, said the Union Minister of Coal and Mines, Mr Pralhad Joshi. Interacting with media during his visit to Chhattisgarh, Mr Joshi said that it will create around 60,000 additional employment for the people of the State. He added that under commercial coal mining the state will fetch minimum Rs. 4,400 crores revenue in one year and additional minimum premium of Rs. 2000 crores. Additionally, commercial coal mining will contribute around Rs. 25 crores to the various District Mineral Foundation (DMF) funds of the State which can be used for inclusive development of regions surrounding coalfield areas.

Union Minister said that Coal Ministry has accepted the suggestion of Chhattisgarh government to change 5 mines with other 3 new mines put under commercial coal auctions in the state. He added that presently 9 mines have been put for commercial auction in the state.

Mr Joshi held meeting with Chhhattisgarh Chief Minister Mr Bhupesh Baghel in Raipur. He said that t he meeting was very positive, progressive and open minded and issues related to coal & other minerals in the state were discussed. Union Minister added that Chief Minister had given good suggestions on DMF and NMET which will be consider ed positively.

During the meeting with CM, it was decided to get a proposal by a committee comprising of CIL, Chhattisgarh government and MAHAGENCO officials in 15 days for shifting of a railway line of Chhattisgarh East Railway Limited (CERL) . A proposal in a month will also be submitted by CMPDI and officials of Chhattisgarh government for using mined out lands for dumping fly ash. The state will form a nodal agency to ensure supply of coal to the retail consumers of coal. Discussions were made to contain petty crimes related to coal in the state.

Union Minister reviewed the performance of South Eastern Coalfields Limited (SECL). He acknowledged the hard work done by Coal Warriors  during Covid crisis. He interacted with representatives of sponge iron & steel industry. 

Stressing upon the importance of coal mining for Chhattisgarh he said that the State has the largest coal mine in Asia and it plays crucial role in fulfilling the power demands of country. Coal mining also helps Chhattisgarh in fulfilling its aspirations for growth & development. In the last 4 years, more than Rs. 13,200 crores have been paid to the State as part of statutory levies by SECL. Moreover, with enhanced coal production, SECL will pay around Rs. 22,900 crores as revenue to the State's exchequer in the next 4 years. SECL's holding company, Coal India Limited (CIL) has planned Rs. 26,000 crores capex for developing infrastructures across Chhattisgarh in the next 4 years.

Highlighting the efforts of government in building new infrastructure for rapid & smooth coal evacuation, Mr Joshi said that Chhattisgarh East Railway Limited (CERL), a joint venture of SECL, IRCON & CSIDC is developing a rail corridor. CERL has incurred more than Rs 2,000 crores capex till date.

The CERL rail corridor is meant for meeting the logistic challenges foreseen on account of coal evacuation to meet the growing coal needs of the country and providing the region with passenger train connectivity. This corridor has a total length of 193 kilometre and is being developed in two phases. The Phase I is from Kharsia to Dharamjayagarh with a route length of 131 kilometres while the Phase II with route length of 62 kilometres will further join Dharamjayagarh with Korba with a spur upto Gare-Plama Block of Coal Mines.  In the Phase I, 43 kilometres long section from Kharsia to Korichapar has already been commissioned for goods traffic.


POST YOUR COMMENTS
   

TIOL Tube Latest

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.


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