Sriprakash Jaiswal

Prove scam charge or quit politics, Jaiswal tells Joshi

Sriprakash-JaiswalKanpur, March 22 : Union Coal Minister Sriprakash Jaiswal Saturday dared BJP candidate Murli Manohar Joshi, who is pitted against him in the Kanpur Lok Sabha constituency, to prove corruption charges against him or quit politics.

Incensed at the attack by the Bharatiya Janata Party (BJP) leader who called Jaiswal a "ghotalebaaz (scamster)", the minister said such irresponsible statements did not behove senior leaders like Joshi.

"If such senior leaders speak in this language, they should back it up with proof or else should quit active politics," Jaiswal told reporters here.

Govt. approves setting up of Coal Regulatory Authority

Govt. approves setting up of Coal Regulatory AuthorityThe Indian Government's cabinet committee on economic affairs (CCEA) on Thursday approved the setting up of a regulator for the coal sector.

The proposal for the setting up of the Coal Regulatory Authority of India was approved through an executive order because enacting legislation on the subject would have taken a long time. It was very unlikely to be passed in the ongoing session of Parliament, which has been stalled over Telengana and many other issues.

Bill for Coal Regulator tabled in parliament

Sriprakash-JaiswalNew Delhi, Dec 13 : A bill to institute an independent coal sector regulator was introduced in the Lok Sabha Friday by Coal Minister Sriprakash Jaiswal.

The Coal Regulatory Authority Bill, 2013 seeks to put in place the regulatory body which would specify methods of testing for coal grades or quality, monitor and enforce closure of mines, and specify principles and methodologies for price determination of raw and washed coal.

While the proposed regulator would chart out principles and methodology for fixing prices, it would neither have the authority to allocate blocks nor determine prices of coal.

CIL stake sale likely this year: Coal minister

Sriprakash-JaiswalNew Delhi, Oct 28 : The five percent stake sale in state miner Coal India (CIL) is likely to take place by the end of this year, Coal Minister Sriprakash Jaiswal said Monday.

"It is likely that it (Coal India stake sale) may happen either in November or December," Jaiswal told media persons here.

"You may be aware that the Coal India chairman has gone (overseas) for this purpose only," he added.

The Department of Disinvestment (DoD) launched a roadshow last week covering five countries, including Germany and Britain, in order to attract foreign investors.

Coal block auctions likely in December: Coal minister

Sriprakash-JaiswalNew Delhi, Oct 11 : Coal Minister Sriprakash Jaiswal Friday expressed the hope that the auction of coal blocks to private firms would begin by December.

"We are hopeful that it (coal block auctions) will begin in December," Jaiswal told mediapersons here on the sidelines of the Clean Coal India summit organized by the Confederation of Indian Industry (CII).

The minister clarified that the process was taking time as the ministry wants to explore the auction of blocks to private firms.

Govt. decides to halve the size of stake it plans to sell in CIL

Govt. decides to halve the size of stake it plans to sell in CILThe government has decided to sell just 5 per cent of its stake in Coal India Ltd (CIL), half of the size it previously planned to offload, Coal Minister Sriprakash Jaiswal confirmed on Tuesday.

In May, the government was all set sell 10 per cent of its stake in the coal miner, but worker unions opposed the plan and issued warnings that they would go on an indefinite strike if the government went on with its stake sale plan. The severe opposition forced the government to postpone the plan.

Seven coal mines to be offered to private developers: Jaiswal

Sriprakash-JaiswalNew Delhi, June 21 : In an effort to increase the country's coal production, seven open cast mines totally having around 25 million tonnes capacity are proposed to be offered to Mine Developer-cum-Operators (MDOs), Coal Minister Sriprakash Jaiswal said Friday.

Besides, some more coal blocks will be offered for mining to the private sector shortly, Jaiswal said addressing a conference on coal organised by industry lobby Assocham here.

Coal India stake sale not on agenda now: Minister

sriprakash-jaiswalKolkata, June 5 : A proposed stake sale in state-run Coal India Ltd (CIL) is not on the government's agenda right now, Coal Minister Sriprakash Jaiswal has said.

"No decision has been taken till now," Jaiswal told reporters here Tuesday when asked about the proposed Follow on Public Offer (FPO) or Offer for Sale (OFS) for divestment.

"It is too early to comment on that. It is not that I am against it, but we are not pushing it right now," Jaiswal averred.

The central government had proposed to offload around 10 percent of its stake in the company to meet its divestment target this fiscal.

Coal India looking to acquire coal assets abroad

Coal India looking to acquire coal assets abroadIndia's state-run, Coal India Ltd (CIL) has indicated that it is planning to acquire new coal mines in other countries in order to meet shortages as it aims to increase output.

The company has invited bids from bankers and interested parties for acquiring coal assets abroad. CIL's unit, Coal India Videsh, which was set up to strengthen coal reserves of the company, has invited bids from several parties.

Sriprakash Jaiswal promises improvement in quality and quantity of coal

Sriprakash-JaiswalNew Delhi, Feb 7 : Union Coal Minister Sriprakash Jaiswal on Thursday said that his office is taking all steps to improve the energy efficiency programmes including improving the quality and quantity of coal supplies to various consumers.

Addressing the India Energy Congress here, Jaiswal stated that the move of the government towards adopting Gross Calorific Value (GCV) based grading and pricing of thermal coals in place of the earlier Useful Heat Value (UHV) based system is a step forward towards this direction.

IMG recommends de-allocation of three more blocks

IMG recommends de-allocation of three more blocksThe Inter-Ministerial Group (IMG) on Wednesday recommended cancellation of coal blocks allotted to three private companies, and deduction of bank guarantees of four mines.

The three blocks that the IMG recommended for cancellation are Choritand Tailaya block allotted to Rungta Mines and Sunflag Iron & Steel; North Dhadu block allotted to Jharkhand Ispat Pvt Ltd and partners, and the Gondkhari block allotted to Maharashtra Seamless, Dhariwal Infra Ltd and Kesoram Industries.

Coal block allotted to JSW & EMTA axed

Coal block allotted to JSW & EMTA axedAccepting the recommendation of the Inter Ministerial Group (IMG), the Coal Ministry on Monday cancelled the coal block allotted to JSW Steel Ltd. and Himachal EMTA Power Ltd.

JSW Steel Ltd. and Himachal EMTA Power Ltd. were allotted Gourangdih ABC coal block, but the IMG recommended the de-allocation of the block on Friday, after the company failed to convince the group on why it could not develop the block and start production in time.

Cancellation of coal blocks is admission that process was wrong: expert says

Cancellation of coal blocks is admission that process was wrong: expert says The government is trying to rectifying things by cancelling coal blocks allocations, but the move is also an admission that the process of allocations was wrong, an expert says.

Pralay Kanungo, head of Jawaharlal Nehru University's Centre for Political Studies, said that the move of cancelling the coal blocks was an unspoken admission of the government's faulty natural resources allocation policy.

Coal minister says there's no merit in CAG allegations

Coal minister says there's no merit in CAG allegationsCoal minister Sriprakash Jaiswal has defended his ministry as well as the government on the coal block allotments issue, saying there's no merit in allegations made by the Comptroller and Auditor General (CAG).

In its report, the CAG alleged that blocks with nearly 44 billion tonnes of coal were allotted to private companies at throwaway prices, and 194 of the total coal block allotments were made on mere recommendations. The Auditor estimated that the taxpayers lost 1.86 lakh crore due to the coal block allotments.

Coal Ministry asks CIL to consider NTPC's terms for agreement

Coal Ministry asks CIL to consider NTPC's terms for agreementThe union coal ministry has urged Coal India Ltd (CIL) to consider a request by NTPC for singing the fuel supply agreement with revised minimum fuel supply level for all of the new units of its existing plants.

Some power companies objecting to fuel supply deal with CIL

Some power companies objecting to fuel supply deal with CILSome of the power companies in the country are objecting a fuel supply deal proposed by Coal India (CIL) mainly due to the penalty clause.

CIL has entered into the fuel supply agreement with 13 power units including Reliance Power's Rosa Power project. However, some firms are opposing the penalty clause in the agreement and have not signed the agreement with the company.

Coal Minister defends government’s move to ensure cheap electricity

Coal Minister defends government’s move to ensure cheap electricityCoal Minister Sriprakash Jaiswal has said that the government is working to make sure that affordable electricity is available to everyone and it will not be deterred by threats of lawsuits by minority shareholders in working towards achieving that goal.

Jaiswal was speaking about a threat of lawsuit by London-based The Children's Investment Fund (TCI). TCI warned that it might file a legal case against the India government alleging that the country's government could have short-changed other investors in Coal India.

Allegations of windfall profit are ‘erroneous’, Coal ministry says

Allegations of windfall profit are ‘erroneous’, Coal ministry saysIndia's union coal ministry ahs said that an assessment by the Comptroller and Auditor General's (CAG) in a leaked draft report that the government's handing of coal field s have resulted in windfall profits to private and state-run entities, is `fallacious and erroneous'.

327 central projects behind schedule: Minister

Sriprakash JaiswalNew Delhi, Nov 25 : A total of 327 projects were behind schedule by one month to 16 years, with the maximum defaults in the road transport sector, according to the data available with the ministry of statistics and programme implementation.

"As of 31st July, out of 602 central sector projects each costing Rs. 100 crore or above, 327 projects are reporting delays in the range of one to 192 months," Minister of State for Statistics and Programme Implementation Sriprakash Jaiswal said in a written reply to the Lok Sabha Wednesday.

Coal linkages to 25 captive power plants cancelled

Coal linkages to 25 captive power plants cancelledThe union government, in a tough measure against non performing companies, has cancelled coal linkages of 25 captive power plants (CPPs) in order to weed out non serious coal companies from the system and to ensure adequate coal supply to plants running short of fuel. These captive power plants have combined capacity of nearly
1,300 mw annually but they failed to meet their production capacity on time.




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