Saturday, January 23, 2021
Home Business Modi government pockets in Rs 209740 Crore from the auction of 33...

Modi government pockets in Rs 209740 Crore from the auction of 33 Coal Mines

coal

By Newsgram Staff Writer

The government is set to pocket in more than Rs 2 lakh crore from the ongoing e-auctions of the coal fields, Power minister Piyush Goyal said.

The auction of coal blocks is an ongoing process and so far bidding for 33 coal mines/blocks has been completed. The total estimated amount of revenue likely to be generated from 33 coal mines already auctioned is Rs. 209740 Crore, Goyal said.

According to the Power Minister,  no allocation of coal mines/blocks has been done through e-auction, previously. “Coal mines/blocks of Schedule-II and Schedule-III coal mines have been put to auction as per the provisions of the Coal Mines (Special Provisions) Second Ordinance, 2014, ” Goyal said.

The minister also informed that the power fuel cost will reduce by approximately Rs.96971 Crore resulting in power tariff savings for consumers.

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Study Reveals Valuing Friendships Can Keep One Healthy

Having friends in life is important as they give us both emotional support and practical advice, whenever needed. A new study now suggests that...

White House To Display The Moon Rock In Oval Office

NASA has loaned a Moon rock for display in the Oval Office of the White House at the request of the Joe Biden administration. The...

Analysis Shows Batterry Storage To Be Cheaper Than New Coal Power Plants

A new economic viability analysis on Friday revealed that renewable energy along with battery storage in Tamil Nadu is cost competitive with new coal...

Vegan kids may have low level of vitamin D

If your child is fully vegan, then there are chances that they may have a lower level of vitamin D, a new study suggests. The...

Pandemic time used for self-development, survey reveals

The pandemic year 2020 is past us but not the coronavirus and the impact it brought into our lives is probably the biggest disruption...

What And When Do You Need Estate Planning Strategies

There are estate planning strategies to reduce estate taxes. If you have assets that are exempt from the estate tax and that you intend...

Loney Adults Over The Age of 50 May Face Mental Health Problems

Lonely adults aged 50 and over reported an average of two worsening depressive and other mental health symptoms during the Covid-19 lockdown, a new...

Remembering Subhash Chandra Bose on Birth Anniversary: Know 5 Lesser Known Facts and Quotes by “Netaji”

Subhash Chandra Bose, popularly known as "Netaji" was born on 23rd January 1897. Netaji is considered the most exceptional and revered Freedom Fighter in...

Recent Comments