Business & Jharkhand Headlines Bank of Baroda Declares Anil Ambani, RCom Loan Account as Fraud Bank of Baroda has classified Reliance Communications’ loan account and its former director Anil Ambani as “fraud,” citing misuse of loans worth ₹2,462 crore, of which ₹1,656 crore remains unpaid. The loans were declared NPA in 2017. RCom is under insolvency proceedings, while Ambani’s spokesperson argued he was a non-executive director with no operational role. Vedanta to Acquire Debt-Ridden Jaiprakash Associates for ₹17,000 Crore Vedanta has emerged as the successful bidder to acquire Jaiprakash Associates (JAL) with a ₹17,000 crore offer, surpassing Adani Group. JAL,…
Author: Editorial Desk
A major mine subsidence occurred at the Maa Ambe Mining Project under Katras area of Dhanbad. After the incident, death of one worker is confirmed, while six others remain missing. The incident occurred around 11 am in the Munda Dhaura patch when a BCCL service van carrying seven workers was swallowed by a 400-foot deep cavity. The van was later pulled out using a payload machine, but the missing labourers are yet to be traced. Also Read: Former BCCL CMD, Director Finance Charged in Rs. 1500 Crores Deviation Case Four Houses and a Cattle are Collapsed The sudden collapse also…
Hundreds of villagers, truck owners, drivers and labourers staged a protest at Hathi Chowk in Guwa, demanding the immediate resumption of operations at Tata Steel’s Vijay-II iron ore mine. The agitation, led by Block Pramukh Poonam Gilluwa, saw participation from residents of nearly 30 villages in the Saranda region. Also Read: Lease Period of Vijay-2 Iron Ore Mine of Tata Steel Expired Locals Warned Blockade if Demands Ignored Local leaders including Munda cautioned that if the mine does not reopen before Durga Puja, villagers will be compelled to intensify their agitation through road blockades and Rail chakka jams. They said…
The Central Bureau of Investigation (CBI) has registered a case against Kohinoor Power Private Limited and its directors for allegedly diverting Rs. 241.9 crores sanctioned for setting up a thermal power plant in Seraikela-Kharsawan district of Jharkhand. The move followed a directive from the Calcutta High Court, which ordered the central agency to initiate action after the banks involved approached the court. Also Read: Former BCCL CMD, Director Finance Charged in Rs. 1500 Crores Deviation Case Loan Sanctioned for 66 MW Plant in Seraikela As per the FIR, Kohinoor Power was allotted loans totalling Rs. 244 crores between 2008 and…
In a move to strengthen women’s participation in the industrial workforce, Tata Motors inaugurated a dedicated LP Trim Line at its Plant Three in Jamshedpur, operated entirely by women employees. The initiative was formally launched in the presence of senior management and union leaders, handing over the operational command of the line to the women workforce. Also Read: Tata Steel Announced 16.68% Bonus, Rs. 303 Crores to Benefit Employees Union and Management Leaders Expressed Confidence The ribbon-cutting ceremony was attended by Plant Head Sunil Tiwari, Tata Motors Workers’ Union President Shashi Bhushan Prasad, General Secretary R.K. Singh, Division Head Kiran…
The Public Enterprises Selection Board (PESB) announced that the process to appoint a new Chairman-cum-Managing Director (CMD) of Coal India Limited will be held on 20th September 2025. A total of 11 senior executives from Coal India and other leading public sector undertakings have been shortlisted to appear before the board through video conferencing. Also Read: Coal India Produced 280 MT in Last 5 Months, Missed Target of 322 MT Many Senior Executives from CIL & PSU Shortlisted The names include CIL Director (Marketing) Mukesh Choudhary, Northern Coalfields Limited CMD B. Sairam, Central Coalfields Limited CMD Nilendu Kumar Singh, and…
Headlines & Summaries PM Modi Hailed GST 2.0 as Double Dose for Growth Prime Minister Narendra Modi called GST 2.0 a “double dhamaka” of growth and reforms, effective from 22nd September. He said the simplified two-tier GST will boost savings, ease business, and create jobs. Modi likened the reforms to ‘Panch Ratna’—simpler tax, better life, higher consumption, investment boost, and cooperative federalism—stressing the need for timely reforms to keep India globally competitive. Congress Hits Out at Modi Govt, Calls GST Rollback Anti-People The Jharkhand Congress criticised the Centre’s GST slab revisions, saying the rollback proves failure of its economic policies.…
India & Jharkhand Headlines GST Council Fixed Slabs, Approves Two-Tier Structure from 22nd Sept The GST Council has overhauled the tax regime, cutting four slabs to two, 5% and 18% effective 22nd September. Essential items like roti, paratha, life-saving drugs, and personal insurance go tax-free. Cement and auto parts fall to 18%, while luxury items like big bikes, pan masala, and tobacco face 40%. PM Modi hailed the reforms as citizen-friendly and business-friendly. GST Reforms May Cost Jharkhand Rs. 2,000 Crore Annually: Minister Jharkhand Finance Minister Radhakrishna Kishore warned that the new GST reforms could cause a revenue loss of…
The Jharkhand Cabinet, chaired by Chief Minister Hemant Soren, approved 66 proposals on 02nd September 2025, covering law and order, cultural institutions, infrastructure, and welfare reforms. The wide-ranging approvals shows the Government’s push towards strengthening Governance, promoting culture, and upgrading civic and social amenities across the State. Cabinet Secretary Vandana Dadel said that the meeting gave its nod to the expenditure incurred on the 16th Finance Commission meetings and approved the Jharkhand State Road Safety Rules-2025. Another significant decision was the formation of Jharkhand State Displacement and Rehabilitation Commission (Rules, 2025), and establishment of the State Sangeet Natak Akademi, Sahitya…
Public sector coal mining giant Coal India Limited (CIL) has been fined Rs. 10.72 lakh by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for failing to comply with SEBI’s corporate governance norms. The penalty pertains to the June quarter, during which the company did not have the required number of independent directors on its board. In a regulatory filing on 01st September 2025, CIL said it received notices from both exchanges regarding non-compliance with Rule 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The exchanges noted that the company’s board structure did not meet the…