The Bombay High Court has quashed a Rs. 25185.51 crores income tax demand notice issued to Tata Steel for FY 2018-19. The order provided a big relief to the company. The company has formally informed both BSE and NSE about the development. The notice was issued by the Deputy Commissioner of Income Tax, Mumbai, for reassessing Tata Steel’s taxable income and raising an additional demand of nearly Rs. 25000 crores. Tata Steel moved to the High Court against the demand notice and challenged that the notice was invalid as it was issued by a Jurisdictional Assessing Officer rather than through…
Author: Editorial Desk
Jharkhand Headlines Coal Ministry to Launch 13th Round of Commercial Coal Mine Auctions The Coal Ministry will soon open the 13th round of commercial coal mine auctions, offering 34 blocks for bidding. Union Coal Minister G. Kishan Reddy will inaugurate the event in New Delhi, with Minister of State Satish Chandra Dubey present. Of the 34 mines, 12 are fully explored and 22 partially explored. The auctions, first started in 2020, aim to boost private investment, reduce imports, and strengthen domestic coal supply. Jharkhand Assembly to Resume Monsoon Session, Supplementary Budget on Agenda The Jharkhand Assembly’s monsoon session will resume…
The Rakha Copper Mines in Jharkhand’s East Singhbhum district are set to reopen after receiving environmental clearance from the Union Ministry of Environment, Forest and Climate Change. Hindustan Copper Limited (HCL) has secured approval to produce 3 million tonnes of ore from the mines. After 24 years, mining in the region will resume soon, reviving the long-closed copper mines. SWML Company will Operate the Mining The Rakha mines, which have been closed since July 2001, will now be operated by South West Mining Private Limited (SWML). The company won a global tender to run Rakha and the proposed Chapri mines…
Jharkhand Bijli Vitran Nigam Limited (JBVNL) carried out an extensive two-day anti-theft operation on 19th and 20th August, targeted electricity theft across the state. The drive, approved by Chairman-cum-Managing Director (CMD) Avinash Kumar (IAS). 7600 Premises Checked, 1188 Cases Found A total of 119 teams, comprising officials from headquarters and regional levels, inspected 7600 premises during the campaign. Theft of electricity was confirmed at 1188 sites. FIR filled against them under the relevant provisions of the Electricity Act, 2003. The total assessed liability from these cases calculated to Rs. 196.44 lakh. Police authorities extended full cooperation in the enforcement exercise,…
Jharkhand stepped towards green growth with the release of Powering Progress, a first kind of high resolution study mapping on renewable energy and storage potential across the State. Jointly prepared by the Government and the Centre for Environment and Energy Development (CEED), the report identified a total potential of 66 GW, including 46 GW from various renewable sources and 20 GW from pumped hydro storage. Solar Energy Accounted for 41 GW According to the study, solar power accounted for the bulk of the potential at 41 GW, spanning utility scale projects, rooftop installations, floating solar and concentrated solar. Districts such…
Jharkhand Chief Secretary Alka Tiwari has directed all Deputy Commissioners (DCs) to complete the auction of commercial Sand Ghats. Addressing DCs and mining officials via video conference, she asked them to thoroughly study the new Sand Policy to ensure transparent and glitch-free auctions. New Policy Aims to Curb Illegal Trade The Chief Secretary highlighted that the purpose of the revised policy is to make sand available to consumers at reasonable prices while cracking down on illegal trade and discouraging inflow from neighboring states. DCs were advised to undergo training on auction procedures, conduct mock drills, and even set up helplines…
The Coal Ministry is set to launch the 13th round of commercial coal mine auctions, offering 34 coal blocks for bidding. The auction round will be inaugurated in New Delhi in the presence of Union Coal and Mines Minister G. Kishan Reddy as the chief guest and Minister of State for Coal and Mines Satish Chandra Dubey as the special guest. 12 Mines are Fully Explored, 22 are Partially Explored The ministry said the latest round covers 34 coal mines, five under the Coal Mines (Special Provisions) Act and 29 under the Mines and Minerals (Development and Regulation) Act. Of…
Iron ore mining in Jharkhand’s West Singhbhum district are nearly 26% of India’s reserves, has been stalled since March 2020 as statutory approvals remained pending. Lease expiries, lack of coordination between departments, and prolonged clearance procedures have left major mines closed, impacting revenue flows and local employment. Nine Major Iron Ore Mines Awaiting Clearances The state had reserved the mines for Jharkhand State Mineral Development Corporation (JSMDC), but the Centre opposed the move, insisting on auctions. As a result, nine key iron ore mines, including SAIL’s Jhillingburu, Topailore, Budhaburu, and Tata Steel’s Vijaya II Ghatkuri are closed. Officials said delays…
The Bharat Coking Coal Limited (BCCL) has come under scanner after alleged irregularities in project expansions worth over Rs. 1500 crore. Show-cause notices being issued to more than three dozen officials of the company. The matter, linked to benefits extended to a prominent contractor, has reached the Coal Ministry and the Central Vigilance Commission (CVC), which have initiated investigations. Notice Issued to CMD and Senior Officers Show-cause issued to BCCL Chairman-cum-Managing Director (CMD), Functional Directors, General Managers, Tender and Technical Committee Members, and Nodal Officers. The officials have been asked to submit replies between 20th August to 31st August 2025,…
Jharkhand Bijli Vitran Nigam Limited (JBVNL) has filed a review petition before the Jharkhand State Electricity Regulatory Commission (JSERC), challenged the 6.34% tariff hike approved for FY2025-26. The JBVNL argued that the regulator’s 30th April 2025 order underestimated its revenue requirement and sought a revised tariff structure. The commission will hear JBVNL’s petition on 10th October. Regulatory Approved only 6.34% Hike Against 402% Demand In its order, JSERC approved a 20-paise per unit hike for urban consumers and 40-paise for rural consumers, taking the average tariff to Rs. 6.85 per unit from 1st May 2025. The JBVNL had sought an…