Deepak Patel
Deepak Patel
Page 73 - Deepak Patel/undefined
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
 "Government reluctant to reserve manganese mines for end-users")
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")
New accounting standards to change debt-equity ratio for companies
Currently there is no standard ideal debt to equity ratio for all companies
 "New accounting standards to change debt-equity ratio for companies")
Banks to rethink loan pacts with power companies
Applicable on power plants that were given to private companies by government with a power-purchase agreement
 "Banks to rethink loan pacts with power companies")
Mining law ensures auction cannot take off in Odisha
The SC granted Odisha six months to resolve the issue during which the state was allowed resumption of operations in eight mines
Why states don't like the mining ordinance
Several states, including Odisha, are critical of many of the provisions in the mining ordinance
J&K to get highest central grant
The state would get Rs 66,000 cr in grant-in-aid by the Centre during 2015-16 to 2019-20
 "J&K to get highest central grant")
Don't rush with NFRA, says ICAI president
NFRA would have the same powers as vested with a civil court under the Code of Civil Procedure, says the new Companies Act
Bankruptcy panel proposes to assuage judiciary concerns regarding NCLT
Suggests selection procedure similar to HC for NCLT and NCLAT
