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CIL s competitive edge under scanner over rising output cost, ageing mines

CIL s competitive edge under scanner over rising output cost, ageing mines

In the coming years, though government-owned Coal India is poised to maintain leadership in a liberalised regime for the commodity, the world’s largest coal miner is also threatened with losing its competitive edge, primarily for technical reasons.

An internal assessment by the company in formulating a vision for the year 2030 reveals the strip ratio across its major mines is increasing substantially, which would lead to increased production cost.

Rs 1,200 billion debt to weigh on Vodafone-Idea, may hit growth plans

Rs 1,200 billion debt to weigh on Vodafone-Idea, may hit growth plans

With a debt of Rs 1,200 billion, Vodafone and Idea will have to work harder together to turn profitable as the consolidating mobile telephony market in the country changes rapidly.

When the merger is completed, Vodafone-Idea would have the largest subscriber base, about 400 million. But it will also be the most indebted telecom company.

Public sector banks pay much higher audit fees than private banks

Public sector banks pay much higher audit fees than private banks

Audit fees public sector banks (PSBs) have paid are much higher than those shelled out by their private sector peers.

State Bank of India (SBI) and Bank of India paid over Rs 2.16 billion and Rs 896 million in 2016-17, while HDFC Bank and ICICI Bank forked out Rs 25.8 million and Rs 78.3 million, respectively.

E-way bill rollout from April 1; GSTR-3B to be filed till June

E-way bill rollout from April 1; GSTR-3B to be filed till June

NEW DELHI: The government has notified April 1 as the implementation date for the electronic way or e-way bill, which will be required for transporting goods valued over Rs 50,000 between states.

Besides, the Central Board of Excise and Customs (CBEC) has also notified the requirement of filing summary return GSTR-3B till June.

Nasa budget jumps $1.6 bn above White House request at $20.7 bn

Nasa budget jumps $1.6 bn above White House request at $20.7 bn

Nasa's will get $20.7 billion — $1.1 billion more than 2017 funding and $1.6 billion above the White House request — under a spending bill that cleared Congress this week and was signed by President Trump on Friday.

A big beneficiary will be the planned rocket to take astronauts into deep space and onto Mars, the Space Launch System (SLS), which will get $2.15 billion, and the Orion crew capsule, which will launch on top of the SLS, will get $1.35 billion, AL.com reported.

Virat Kohli to miss Afghanistan Test for County stint ahead of England tour

Virat Kohli to miss Afghanistan Test for County stint ahead of England tour

India captain Virat Kohli is all set to play County cricket in his bid to prepare for the upcoming Test series against England in August-September.

While it is yet to be ascertained which county Kohli will represent, it could be Surrey in all likelihood.

Anna Hazare hunger strike: No political party can join movement; updates

Anna Hazare hunger strike: No political party can join movement; updates

Anna Hazare is back in New Delhi's Ram Lila Maidan and is on an indefinite hunger strike against the Narendra Modi government, nearly seven years after his anti-corruption movement caught the imagination of millions of Indians and shook the then ruling Congress-led United Progressive Alliance (UPA) government.

BJP gains 11 seats in Rajya Sabha, Congress loses 4

BJP gains 11 seats in Rajya Sabha, Congress loses 4

The BJP has made a gain of 11 additional seats while the Congress suffered an overall loss of four in the biennial elections to 58 Rajya Sabha seats. With this, BJP has consolidated its position in the House, leaving its main rival far behind.

The BJP’s 28 candidates emerged victorious in the polls held on March 23 against 17 retiring members, while the Congress won only 10 seats. Fourteen members of the Congres will retire next week.

Lalu Prasad sentenced to 14 years in jail in fourth fodder scam case

Lalu Prasad sentenced to 14 years in jail in fourth fodder scam case

Ranchi: Rashtriya Janata Dal (RJD) supremo Lalu Prasad was on Saturday sentenced to 14 years in jail and fined Rs60 lakh by a special CBI court in the fourth fodder scam case pertaining to fraudulent withdrawal of Rs3.13 crore from the Dumka treasury in the early 1990s, a CBI counsel said in Ranchi.

CBI judge Shiv Pal Singh awarded two sentences of seven years each to the former Bihar chief minister under the Indian Penal Code (IPC) and the Prevention of Corruption Acts, he said.

Ujjawala scheme: Indian Oil, others defer loan recovery up to 6 LPG refills

Ujjawala scheme: Indian Oil, others defer loan recovery up to 6 LPG refills

New Delhi: In an attempt to boost domestic cooking gas consumption under the marque Pradhan Mantri Ujjwala Yojana (PMUY), or Ujjwala scheme, state-owned oil marketing companies (OMCs) on Friday announced deferment of loan recovery up to six refills.

Under the Ujjwala scheme—a key welfare programme of the centre for poor women—many availing an equated monthly instalment (EMI) facility for meeting the cost of stove and first refills were paying market price for refills till the loan repayment was made.

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