Skip to main content

India to save Rs 30,000 crore in FY16 by cutting down coal imports

By
  • This year, imports are already down by 16% resulting in savings of Rs 22,000 crore so far.
  • India will save Rs 30,000 crore in 2015-16 by cutting down on coal imports as domestic production has picked up.
  • The government is aiming to completely eliminate the import of the kind of coal that is available domestically.
  • Coal India, the state-run company that is the largest coal producer in the country, plans to double its production to 1 billion tonne by 2020.
  • It would have scaled up production to 550 million tonne which is likely to increase to 600 million tonne next year.
  • Typically, Indian coal is almost 40% cheaper than imported coal.
  • India has been importing coal as Coal India was unable to match growing demand.

Source:- India to save Rs 30,000 crore in FY16 by cutting down coal imports - The Economic Times
Labels:

Comments

Post a Comment

Popular posts from this blog

Nitin Gadkari Report Card

By
1  Road projects worth Rs 50,000 cr to start this year in UP: Gadkari   2  200 cr trees to be planted along highways: Gadkari 3  Rs 10 Lakh Cr Investment in Highways, Shipping by 2019: Gadkari 4  Stuck Rs 1.8lakh crore road projects to be launched by Aug15: Nitin Gadkari 5  Electronic toll system can help save Rs 86K crore annually: Nitin Gadkari 6  Nitin Gadkari aims at 30 kilometre road building a day by 2016 7  Gadkari clears Rs.17,700 crore projects for Bengal 8  Toll collections scrapped at 62 plazas in 15 states: Govt
Post a Comment
Read more

HRD minister proves her generosity and genuine concern towards education and real talent

By
Dharamraj works for a Surat mill and hardly manages to fend for his family of seven. When sons - Raju, 18, and Brijesh, 19, broke the news of their stellar performance to their dad, he didn't even know why it was such a big deal. Both his sons have cracked the IIT entrance test — Raju securing rank 167 and Brijesh 410. Dharamraj, a daily-wage earner, desperately needs Rs 1 lakh for their admission fees. But that's an astronomical sum, for he barely makes ends meet. Dharamraj and his family live in a rundown mud hut with a tarpaulin thatch at Rehua Lalganj village. Dharamraj owns eight goats, one cycle, and a table fan. They bagged scholarships to prepare for their IIT entrance. But now what? Where to raise the money from? I don't own a single inch of land," lamented Dharamraj. Both boys scored over 95% in their Class X exams, after which they were picked for a scholarship programme. HRD Minister Mrs. Smriti Irani has assured the IIT 2015 topper that his ent...
Post a Comment
Read more

Childcare centres, ATMs along national highways soon

By
They say it's more about the journey than the destination. And it's perhaps this mantra which has driven the road transport ministry to devise a new roadmap for more comfortable road trips on India's highways. Over the next two years, all the major highways of the country will boast of such facilities as food courts, restaurants, internet facilities, ATMs, childcare facilities as well as rooms for breaks amid l ong journeys. "While there will be separate complexes for car and bus drivers, the facilities at sites meant for truckers would be different.Their requirement is different.  "The entire scheme has been designed in a manner that people get a good place to take a break, rest and eat during long journeys. There will be more such complexes along divided highways," said a ministry official.  Sources said road transport minister Nitin Gadkari has approved the plan, and has asked for the work to start. Soon after taking charge, Prime Minister Narendra Modi h...
Post a Comment
Read more