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Responding to the Environment Ministry’s criticism of the National Investment Board (NIB) proposal on grievance redress mechanism — aggrieved investors will be allowed to approach the NIB for redre

New Delhi Environment minister Jayanthi Natarajan may have objected to the creation of a National Investment Board (NIB) for its potential to undermine her ministry, but the finance ministry has no doubt that the biggest hurdle to investors right now is posed by Natarajan’s ministry.

In an internal note meant to be a precursor to a full-fledged Cabinet note prepared before Natarajan wrote to the Prime Minister against the idea of NIB, the finance ministry’s department of economic affairs had cited environment clearance (EC) and forest clearance (FC) as “best-known examples” of regulations impeding decision-making process.

New Delhi With the Central Bureau of Investigation (CBI) readying a new set of FIRs this week, the coal scam probe is hot again. The agency is preparing to register four fresh cases in connection with its probe related to alleged irregularities in the allocation of captive coal blocks between 1993 and 2004.

Around 43 coal blocks were allocated during this period. The probe also includes coal blocks allocated during NDA's tenure. In its report, the Comptroller and Auditor General (CAG) said the government extended windfall gains of R1.86 lakh crore to private players by distributing coal blocks without bidding.

It was one of the seven allotments axed by the government last month as part of an exercise to review the progress of 195 captive coal blocks

JSW Steel Ltd might take legal recourse against the government’s recent decision to cancel the allotment of a coal block to the company. The Gourangdih ABC block, located in the Raniganj coalfield in West Bengal, was to feed JSW’s captive power plant linked to a 10,000-million-tonne (mt) steel plant in the state.

PPPs in infra are on the cusp of disaster. The country needs a different strategy to build public services infrastructure

Growth is back on the agenda, says the government. It is hoping that with pushy announcements foreign and Indian investment will miraculously start pouring in and infrastructure will be the name of the game once again. But this assumption ignores one crucial detail: currently, public-private partnerships (PPPs) in infrastructure are on the cusp of disaster. India needs a different strategy to build public services infrastructure.

Former MP and member of Public Accounts Committee (PAC) Surinder Singla has asked Comptroller & Auditor General (CAG) Vinod Rai to revisit his report on coal in the wake of the Supreme Court’s

The ministry of environment and forests on Wednesday granted forest clearance to the Mahan coal block spread over 1,082 hectares of prime forest in the Singrauli district of Madhya Pradesh.

This coal block was denied clearance four times by the Forest Advisory Committee, who had cited the presence of a large tribal population dependent on these forests for their livelihood.

The Supreme Court on Monday said the CAG has full powers under Constitution to comment on the efficiency and economy of an expenditure done by the Centre and states.

New Delhi: Mukesh Ambani’s Reliance Industries Ltd has put its foot down on the government’s move to get the performance of its showcase Andhra offshore gas field scrutinized by the federal auditor

The recent Comptroller and Auditor General's report on the Atomic Energy Regulatory Board and, more broadly, on nuclear safety regulation has highlighted many serious organisational and operational flaws. The report follows on a series of earlier CAG reports that documented cost and time overruns and poor performance at a number of nuclear facilities in the country. On the whole, the CAG reports offer a powerful indictment of the department of atomic energy and its nuclear plans.

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