The state-run miner was also penalised in December last
GN Bureau | May 20, 2014
Competition Commission of India (CCI) has directed the state-run miner to "cease and desist" from indulging in unfair business practices, after again being found guilty of abusing its dominant position in fuel supplies.
The latest ruling on a batch of complaints come a few months after the CCI slapped a Rs 1,773.05 crore penalty on CIL and its subsidiaries in December last.
CCI's order has come on complaints filed by Sponge Iron Manufacturers Association, Madhya Pradesh Power Generating Company and West Bengal Power Development Corporation. The order, dated April 15, has been passed against Coal India and seven of its subsidiaries - South Eastern Coalfield, Eastern Coalfields, Bharat Cooking Coal, Mahanadi Coalfields, Central Coalfields, Western Coalfields and Northern Coalfields.
Coal India through its subsidiaries "operates independently of market forces and enjoys undisputed dominance in the relevant markets of supply of non-coking coal to thermal power producers and sponge iron manufacturers in India", the watchdog said. The fair trade regulator has asked the coal miner to modify its fuel supply agreements.
The winter session of parliament this year is going to be from December 15 to January 5, which will result in fewer sittings and impact legislative productivity. When parliament meets for a fewer days, it is bound to have an adverse impact on the work. The parliamentarians do get to spend mo
People in India are most affected by global internet policies, said secretary, department of telecommunications, Aruna Sundararajan. Flagging the challenges of national governance, Sundararajan said on social media India has the largest number of users.
Three passengers were killed and around a dozen sustained grievous injuries after nine coaches of Vasco Da Gama-Patna express derailed near Manikpur railway station in Uttar Pradesh on Friday morning. Similarly, 14 wagons of a goods train also jumped off the track near Cuttack in Odisha.
Should Patidars of Gujarat be given reservation?
SV Nathan, partner and chief talent officer, Deloitte India spoke to Praggya Guptaa about the current job market situation and the upcoming opportunities in India. How would you assess the job market situation in India? If you look at the economy today
It did not surprise me when the India: health of the nation’s states, the India state-level disease burden initiative report released recently reported malnutrition the prime risk factor driving the most deaths and disability in Madhya Pradesh. Even in 1990 malnutrition was the frontrunner and after