logo
SCCL's coal sale policy ensures transparency: Coal Minister Kishan Reddy

SCCL's coal sale policy ensures transparency: Coal Minister Kishan Reddy

The Hindu23-07-2025
Coal and Mines Minister G. Kishan Reddy said on Wednesday that the Central government is adopting a comprehensive policy for coal sales in the country. Responding to a question by Warangal MP Kadiyam Kavya in the Lok Sabha, he elaborated on the coal sale policies of Singareni Collieries Company Limited (SCCL), a government-owned coal mining company, emphasising their role in ensuring transparency and driving economic growth in Telangana.
Ms. Kavya sought details on SCCL's coal sale policy for the public and private sectors and the measures taken to ensure transparency and benefits for the Telangana. The Minister outlined that SCCL adheres to key Ministry of Coal policies, including the SHAKTI Policy, the Non-Regulated Sector Linkage Auction Policy, the New Coal Distribution Policy, and the Bridge Linkage Policy. These frameworks promote fair trade, ease of doing business and equitable coal allocation to industries, including MSMEs.
'The policies have enhanced transparency in coal distribution, spurred business activity, created jobs, and increased royalty and tax revenues, significantly benefiting Telangana,' Mr. Reddy stated. The Revised SHAKTI Policy, 2025, now governs all new coal linkages for the power sector, aligning with market demands. SCCL's adherence to these policies has strengthened Telangana's economy by supporting industries and ensuring competitive coal access, reinforcing the State's position in India's coal sector, the Minister informed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PM Modi pays tributes to Atal Bihari Vajpayee on his 7th death anniversary
PM Modi pays tributes to Atal Bihari Vajpayee on his 7th death anniversary

Business Standard

time41 minutes ago

  • Business Standard

PM Modi pays tributes to Atal Bihari Vajpayee on his 7th death anniversary

A poet and statesman, Vajpayee was prime minister for over six years between 1998 and 2004 and is credited with pushing economic reforms that paved the way for a period of high growth Press Trust of India New Delhi Prime Minister Narendra Modi on Saturday paid tributes to former prime minister Atal Bihari Vajpayee on his seventh death anniversary, and said he continues to inspire everyone in building a developed and self-reliant India. Modi said on X, "Remembering Atal Ji on his Punya Tithi. His dedication and spirit of service towards the all-round progress of India continue to inspire everyone in building a developed and self-reliant India." Modi and several other dignitaries, including President Droupadi Murmu, Union ministers and Lok Sabha Speaker Om Birla, later visited his memorial 'Sadaiv Atal' here to pay tributes to the BJP stalwart. A poet and statesman, Vajpayee was prime minister for over six years between 1998 and 2004 and is credited with pushing economic reforms that paved the way for a period of high growth. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Saudi Arabia approves digital ID to allow foreigners to own property ahead of 2026 law
Saudi Arabia approves digital ID to allow foreigners to own property ahead of 2026 law

Time of India

timean hour ago

  • Time of India

Saudi Arabia approves digital ID to allow foreigners to own property ahead of 2026 law

The Non-Saudi Real Estate Ownership Law will come into force on 21 January 2026, 180 days after its publication in July 2025/ Representative image In a landmark move reshaping property rights in Saudi Arabia, the government has approved the use of a digital identity system for non-Saudi, non-resident foreigners to own real estate. This comes ahead of sweeping changes under the newly passed Non-Saudi Real Estate Ownership Law, set to take effect in early 2026. New digital ID pathway for property ownership Saudi Arabia's Cabinet has officially sanctioned the use of digital identification for non-resident foreigners who wish to own property in the Kingdom. This digital ID must be obtained and activated through the Absher platform, a secure digital service operated by the Ministry of Interior. The rollout of this digital access mechanism is being coordinated by the General Real Estate Authority, in partnership with the Ministry of Interior, the Saudi Data and Artificial Intelligence Authority (SDAIA), the National Information Center, and other relevant government bodies. These entities will work together to define and implement the operational mechanisms necessary to activate and manage digital IDs for foreign property buyers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo The decision is intended to lay the groundwork for the enforcement of the new Non-Saudi Real Estate Ownership Law, approved by the Council of Ministers in July 2025 and scheduled to take effect on 21 January 2026, 180 days following its publication in the Official Gazette ( Umm Al-Qura ) on 25 July 2025. As part of the transition, draft executive regulations for the law have already been published. These specify that foreign individuals must: Obtain a digital ID through the Absher platform Open a Saudi bank account Secure a local contact number These prerequisites are mandatory before any non-resident foreigner can legally acquire, own, or use real estate in the country. Inside the non-Saudi real estate ownership law The newly introduced Non-Saudi Real Estate Ownership Law repeals the earlier framework established under the Law of Real Estate Ownership and Investment by Non-Saudis of 2000 (1421H). The updated legislation represents a significant modernization of Saudi Arabia's approach to foreign property rights. Structured across 15 articles, the law defines a 'Non-Saudi' broadly. The term includes: Foreign individuals (residents or non-residents) Companies not incorporated under Saudi law Foreign non-profit organizations Any other legal persons as determined by the Council of Ministers For the first time, this legal framework allows foreign individuals and entities to own or acquire rights to real estate within designated zones throughout the Kingdom. These zones will be identified and approved by the Council of Ministers and are expected to open up significant parts of the country for foreign investment. Scope, restrictions, and implementation timeline While the law grants broader access to real estate for foreigners, it also introduces new limitations and obligations. Geographic and religious restrictions: Ownership rights in Makkah and Madinah remain tightly regulated. Non-Saudis may only acquire property in these two holy cities if they are Muslim. This condition underscores the sensitive nature of ownership in religiously significant areas. Commercial and investment access The law includes specific provisions for: Foreign-incorporated companies Investment funds Special-purpose entities These entities will now be able to participate in Saudi Arabia's property market under defined conditions and oversight. Fees and penalties: A disposal fee of up to 5% may apply to property sales or transfers by foreign owners. In cases of legal violations, penalties may include: Fines of up to SAR 10 million Forced sale of the involved property Law implementation: Approved: 14 July 2025 by Council of Ministers Resolution No. (M/14) Published: 25 July 2025 in Umm Al-Qura Effective Date: 21 January 2026 Regulatory bodies and enforcement mechanisms Oversight and governance for foreign property ownership are being formalized through a newly restructured board of the General Real Estate Authority. The board is now chaired by the Authority's CEO and includes: Representatives from various ministries Officials from key government bodies Three members from the private sector A dedicated committee will be formed within the authority's board to monitor and enforce the provisions of the law, including overseeing usufruct rights (the legal right to use and benefit from a property owned by another). In line with the broader goals of Vision 2030, the Saudi government is aiming to create a transparent, accessible, and well-regulated property market that can attract international investment while preserving the Kingdom's religious, social, and security interests.

PM Modi pays tributes to Vajpayee on death anniversary
PM Modi pays tributes to Vajpayee on death anniversary

Indian Express

timean hour ago

  • Indian Express

PM Modi pays tributes to Vajpayee on death anniversary

Prime Minister Narendra Modi on Saturday paid tributes to former prime minister Atal Bihari Vajpayee on his seventh death anniversary, and said he continues to inspire everyone in building a developed and self-reliant India. Modi said on X, 'Remembering Atal Ji on his Punya Tithi. His dedication and spirit of service towards the all-round progress of India continue to inspire everyone in building a developed and self-reliant India.' Remembering Atal Ji on his Punya Tithi. His dedication and spirit of service towards the all-round progress of India continue to inspire everyone in building a developed and self-reliant India. — Narendra Modi (@narendramodi) August 16, 2025 Modi and several other dignitaries, including President Droupadi Murmu, Union ministers and Lok Sabha Speaker Om Birla, later visited his memorial 'Sadaiv Atal' here to pay tributes to the BJP stalwart. A poet and statesman, Vajpayee was prime minister for over six years between 1998 and 2004 and is credited with pushing economic reforms that paved the way for a period of high growth.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store