U.K. fund The Children's Investment Fund Management (TCI) said on Wednesday it has filed a writ petition in the Delhi High Court to quash directions in January by the coal ministry to state miner Coal India
Coal India, the world's largest coal miner, has been under pressure from TCI, which holds about 1 percent stake in the company, after it bowed to pressure from the government in January and reversed an increase in coal prices.
TCI has argued in its petition that coal prices are completely de-regulated and the government does not have legal authority to interfere with the discretion of Coal India, it said in a statement.
The Jayalalithaa Government in Tamil Nadu today presented a tax-free budget for 2013-14, proposing 'prudent fiscal management", amidst gloomy ...
According to the PDEXCIL, post such a mega cluster, the industry expects a global share of 10 per cent by 2017-18 from current 5.2%