Prime Minister Modi’s vision to place India in the league of superpowers inspires millions of Indians to dream big. Former Power Minister Piyush Goyal shouldered the responsibility of ‘powering’ dreams of millions of children, industrialists, farmers, and shopkeepers key stakeholders of economic growth and prosperity.
The Goods and Services Tax (GST) regime in effect from last month has reduced the incidence of tax on coal to 5 per cent, as compared to a cumulative tax of more than 13 per cent on account of various indirect taxes earlier, Parliament was informed on Thursday.
India Ratingsexpects domestic coalconsumption growth in India to remain tepid on account of subdued demand from thermal power plants, with an expectation of power plant capacity utilisation remaining sub-65% in the medium term.
Global coal production fell by 6.2% last year. That’s the largest annual decline on record. Consumption was down, too, for the second year in a row, falling 1.7%.
Three Years of Modi Government, Attaining Freedom from Coal Shortages With Transparent Mineral Auctions
From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.
The supply of coal by state-owned Coal India to power sector increased by 1.3 per cent to 420.2 million tonnes (MT) in 2016-17
Minister of State (IC) for Power, Coal, New & Renewable Energy, Mines, Piyush Goyal, reviewed annual performance of Nagpur based Miniratna PSU Western Coalfields Limited (WCL) during his visit to Nagpur, today
The sluggish growth in coal production in this financial year masks the robust growth in power generation as record-high inventory of coal at power stations at the beginning of this fiscal year
Coal India Ltd (CIL) on Thursday reported that its production grew by 5.5 per cent to 55.99 million tonnes (mt) in January as compared to 52.86 mt in the corresponding month last fiscal
Sectors of Power, Coal and Mines Show Impressive Growth After Demonetisation
ower generation growth in November on y-o-y basis was 8.53% as against October when it was 1.27%. As against Electricity Generation of 85.904 billion units in Nov 2015, Nov 2016 witnessed a figure of 93.235 –a growth of 8.53%.