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Union Cabinet is likely to consider a proposal to ease norms for utilisation of domestic coal so that cost of power generation can be reduced. "The Union Cabinet is likely to consider and approve a proposal to provide flexibility in utilisation of domestic coal for reducing the cost of power generation, in its meeting scheduled for today," a source said. Earlier, the government has allowed swapping of coal mines by users so that transportation cost of coal can be reduced for generation of power.
Markets tried to claw back some losses and the Sensex briefly turned flat, but selling pressure is back on Dalal Street The Sensex is now at intraday low, down 123 points, while the Nifty hit a low of 7,713.
Union Cabinet is likely to consider a proposal to ease norms for utilisation of domestic coal so that cost of power generation can be reduced. "The Union Cabinet is likely to consider and approve a proposal to provide flexibility in utilisation of domestic coal for reducing the cost of power generation, in its meeting scheduled for today," a source said. Earlier, the government has allowed swapping of coal mines by users so that transportation cost of coal can be reduced for generation of power.
• JSW Steel is frontrunner to buy Italy’s Ilva plant.
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• Grasim Shareholders approve increasing FPI limit to 49%
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