Deepak Patel
 "Deepak Patel")
Deepak Patel
Deepak Patel is an assistant editor at Business Standard, covering the aviation and automobile sectors for the newspaper.
Deepak Patel is an assistant editor at Business Standard, covering the aviation and automobile sectors for the newspaper.
Page 76 - Deepak Patel
Goa asks Centre to allow mine waste dumping outside lease area
The Goa government had made this request earlier, too, without success
 "Goa asks Centre to allow mine waste dumping outside lease area")
Path cleared for easier coal and mineral mining
Coal ministry looking at also allowing states to mine and sell themselves
 "Path cleared for easier coal and mineral mining")
States likely to get power in mineral auction rules
A state government may, at its discretion, identify a specific end-use
 "States likely to get power in mineral auction rules")
Govt mulls linking DBT schemes to one account
Transferring all subsidies into single account could reduce subsidy leakage
 "Govt mulls linking DBT schemes to one account")
Centre open to changing rules for advance green clearance
Composite licences' end-use can be reserved, if states ask for it
 "Centre open to changing rules for advance green clearance")
Govt unlikely to lower upfront payment rate
Performance rate and payment interest rate might also remain unchanged
Don't become sick again, CAG warns RINL
CAG also slammed RINL for delayed expansion because of which the company had to forgo a gross margin of Rs 1,560.54 cr
 "Don't become sick again, CAG warns RINL")
Government reluctant to reserve manganese mines for end-users
Steel companies have questioned this proposal to reserve manganese mines specifically for ferro-alloy plants
Reserve end-use for composite licences too, say Odisha steelmakers
Odisha steelmakers worried that merchant mining firms might bid heavily
 "Reserve end-use for composite licences too, say Odisha steelmakers")
Centre gives partial relief on mining leases
A state govt may in its discretion identify a specific end use as a prerequisite for auction of ML
 "Centre gives partial relief on mining leases")
Passage of the land Bill is essential: Sumit Mazumder
Interview with President, CII
 "Passage of the land Bill is essential: Sumit Mazumder")
Will the corporate governance structure change?
Stringent rules for independent directors in state-run banks and insurance companies
 "Will the corporate governance structure change?")
Mineral auction rules: States asked to decide on exploration permits within a month
The govt has proposed issuing non-exclusive reconnaissance permits within 30 days to any mining company after it submits an online application along with necessary documents
 "Mineral auction rules: States asked to decide on exploration permits within a month")
Jindal, Adani Power, GMR come under govt scanner
Their coal block bids are likely to be referred to Competition Commission of India
 "Jindal, Adani Power, GMR come under govt scanner")
Power firms told to show profits from construction period
If there are no assured returns in the form of long-term PPAs, power plant would be considered 'intangible asset'
 "Power firms told to show profits from construction period")
 "Auction rules: Mineral reserves must not cross 1.25 times the requirement of company")
Change in preference share status to hit firms' profits
The new standards treat redeemable preference shares - which are currently considered as part of a company's equity - as debt
Greater scrutiny of shell companies in new rules
Companies with paid-up share capital of over Rs 500 cr will have to comply voluntarily with the rules from next fiscal
 "Greater scrutiny of shell companies in new rules")
New accounting norms to hit power companies' Ebitda
Till now, power companies have been considering such power plants as 'fixed asset' on their balance sheet
 "New accounting norms to hit power companies' Ebitda")