Coal production on a high with growth in production of over nine percent in CIL and 24 percent in SECL
Jasleen Kaur | March 3, 2016
With electrification of 6,000 villages so far, the ministry of power has achieved one-third of its target. The prime minister had set the target of rural electrification of 18,452 villages by May 2018.
The Deendayal Upadhyaya Gram Jyoti Yojana, a flagship programme of the ministry of power, has been further allocated with Rs 8,500 crore in the union budget 2016-17. Minister of state for power, coal and renewable energy, Piyush Goyal, said that with this support the target would be met in time. He also informed that in the union budget the total plan outlay for the ministry of power has been increased to Rs 12,200 crore from Rs 6,800 crore.
While interacting with media in New Delhi, on Wednesday, the minister highlighted the achievements of various departments under its ministry.
Talking about the increase in coal production over the last one year, Goyal said two-thirds of the power plants were coal-starved when the Modi government came in. Today, he added, no power plant is facing coal shortage. “There were headlines that power plants do not have enough coal and the country will run out of power. Today, at an average, all of them together have over 25 days of stock. There is growth in production of over nine percent in Coal India Limited and 24 percent in South Eastern Coalfields Limited.”
The minister further said that the budgetary proposal to double the cess on coal to Rs 400 per tonne will add Rs 40,000 crore per year in the government’s kitty and will give wings to its project to clean the environment.
Talking about improvement in the power transmission in southern region, the minister said by adding 22,800 circuit kilometers of transmission network, the power transmission to the southern states such as Tamil Nadu, Kerala, Karnataka, Andhra Pradesh and Puducherry was increased by 71 percent in the current financial year. It would further increase to 80 percent.
Minister of state for communications (I/C) Manoj Sinha has launched BSNL’s satellite phone service that will be offered to government agencies in phase one and later opened for others. While unveiling the new service, Sinha said BSNL works where no other network is present.
The cabinet has given it’s green signal to raise bonds of Rs 2,360 crore for renewable energy. The bonds will be raised by the ministry of new & renewable energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA), a Miniratna enterprise, during current fiscal.
Chief economic advisor Arvind Subramanian’s campaign for some sense in country ratings has finally found some success. Global rating agency Moody`s Investors Service has downgraded China`s long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable fr
The low level of farmers` income and year to year fluctuations in it are a major source of agrarian distress. This distress is spreading and getting severe over time impacting almost half of the population of the country that is dependent on farming for livelihood, said a Niti Aayog policy paper.
The civil society has strongly criticized the Narendra Modi government that completes three years in office. Citizens’ Report: Promises and Reality tha
Improving the availability of health workers, particularly at the sub-centre level, has been one of the thrust areas of the national rural health mission (NRHM). Back in 2005, most of the sub-centres in the country were run by a single auxiliary nurse midwife (ANM). ANMs were overbu