News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
Joshi launches 'Coal Logistics Plan and Policy'

By TIOL News Service

NEW DELHI, MAR 01, 2024: UNION Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi has launched a groundbreaking initiative, the "Coal Logistics Plan and Policy" organized by the Indian National Committee World Mining Congress with the patronage of the Ministry of Coal in Vigyan Bhawan, New Delhi yesterday.

Addressing the event, Pralhad Joshi underscored the imperative need for efficient logistics to meet the escalating energy demand projected to surge from 980 MT to 1.5 MT by 2030. The Coal Logistics Plan proposes a strategic shift towards a railway-based system in FMCs projects, aiming for a 14% reduction in rail logistic costs and an annual cost saving of Rs 21,000 Crore. He emphasized on augmentation of railway network capacity through First -Mile Connectivity. This transformative approach is expected to minimize air pollution, alleviate traffic congestion, and reduce carbon emissions by approximately 100,000 tonnes per annum. Moreover, a 10% saving in average turnaround time of wagons nationwide is expected.

Highlighting the significance of integrated transportation systems, Joshi emphasized the Ministry's initiative to integrate Rail-Sea-Rail (RSR) transportation, which has witnessed a remarkable growth of around 50% over the past five years, with plans for further expansion to 120 MT by FY 2030. Additionally, aligned with PM Gati Shakti 37 critical railway projects have been identified to meet the future coal evacuation demand.  He also emphasized that the Ministry has launched 15 railway projects to address multimodal connectivity gaps, out of which 5 projects have already been commissioned.  

In his keynote address, Amrit Lal Meena, Secretary, Ministry of Coal, reiterated the Ministry's commitment to enhancing efficiency in coal transportation and fostering robust infrastructure development. Meena, also highlighted proposals for extensive energy corridor projects, including construction of new railway lines and capacity augmentation of existing lines. He stressed on the importance of maintaining momentum to ensure coal's integral role in India's energy security and economic growth while upholding sustainability and social responsibility standards and urged all the stakeholders to work in close coordination to ensure easy access to coal to  everyone

M Nagaraju, Additional Secretary, Ministry of Coal, emphasized the importance of seamless coal evacuation in an eco-friendly manner. He highlighted the Ministry's Integrated Coal Logistics Policy and plan, aimed at developing a technologically enabled, cost-effective, and sustainable logistic ecosystem.

A panel discussion, chaired by M Nagaraju, witnessed industry leaders and representatives including A K Jha, Chairman, JPL, Nilabhra Dasgupta, Deputy Chairman, Paradeep Ports Trust, Subrat Tripathy, CEO, Adani Ports, Shrivam Shrivastava, Director Fuel, NTPC, and Dr. JK Vashist, Head Logistics, Ultatech Cement deliberated on holistic approaches towards coal transportation. Discussions emphasized India's potential to achieve self-reliance in the coal sector, contributing to economic growth and environmental sustainability through investment in research and development, technical optimization, and resolution of transport constraints.

The launch of the Coal Logistics Plan marks a significant milestone in India's journey towards modernizing coal transportation, enhancing efficiency, and promoting sustainability. With collaborative efforts from government bodies, industry leaders, and stakeholders, India is poised to unlock the full potential of its coal industry, ensuring a resilient and sustainable energy future. .


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.