Email, phone calls and text message to the official spokesperson of Adani Group remained unanswered. The HC order assumes significance as apart from the Adani Group, the DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms for alleged overvaluation of coal imports from Indonesia pegged ...
The Supreme Court has admitted a case moved by the Directorate of Revenue Intelligence (DRI) against a September 2018 order of the Bombay High Court that stayed the DRI's use of Letter Rogatory (LR) from foreign jurisdictions in its ongoing probe into alleged overvaluation of Indonesian coal imports by a few companies of Adani group.. Reportedly, the apex court would begin the hearings on ...
Adani Power. Two power plants built by the Adani group in Tiroda, Maharashtra and in Kawai, Rajasthan are under the DRI's scrutiny for alleged over invoicing of capital equipment used in power plants. The show cause notices (SCNs) issued in these cases in May 2014 were dismissed by the DRI's adjudicating authority K V S Singh in ...
Dr. Vivek Joshi, Secretary, Department of Financial Services (DFS), chaired a meeting here today as a part of symposium on 'Strengthening financial sustainability and operational viability of Regional Rubal Banks (RRBs) being conducted at College of Agricultural Banking, Pune on 1112 th May 2023. Also present were Additional Secretary DFS, Chairman NABARD, CGM RBI, MD/EDs of Sponsor Banks ...
Mumbai: 'You can't do much about demandside constraints', says Anil Swarup former coal secretary in an exclusive conversation with ET believes that while the increase in demand postpandemic second wave is out of our hands, the stagnating coal production by Coal India at 600 mn metric tonnes for the past three years is part of the problem that India currently faces.
As a step towards amassing scale, Secretary, Department of Financial Services (DFS), will also be taking a meeting with the heads of all public sector banks on April 13, 2023 to ensure that the campaign reaches maximum eligible beneficiaries, it said. PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people ...
The Danish government has signed a new political agreement with eight parties which implies that it will have a 20% coownership in future carbon storage licenses in the North Sea.
During the meeting, the DFS secretary also discussed with banks the three months long saturation campaign of PMJJBY PMSBY schemes from April 1 to June 30, 2023, the finance ministry said in a ...
Dr. Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a meeting today with representatives from ten (10) Central Ministries/ Departments of Labour and Employment, Ministry of Housing and Urban Affairs, Ministry of Panchayati Raj, Ministry of Rural Development, Ministry of Mines, Ministry of Coal, Ministry of Agriculture and Farmers ...
The adjudication authority of the Directorate of Revenue Intelligence (DRI) has passed its first order upholding the showcause notice of the DRI against one of the 40 prominent coal importers being probed for alleged overvaluation of Indonesian coal imports, collectively pegged at Rs 29,000 crore. The adjudication authority, KVS Singh imposed a ...
The position of the new DFS secretary fell vacant just a day ahead of the presentation of the Union Budget when Debashish Panda failed to get an extension after completing his tenure. The current ...
Knox Creek challenged the Commission's determination that four uncontested violations of the Federal Mine Safety and Health Act of 1977, 30 814(d)(1), by Knox Creek were "significant and substantial." In regard to the permissibility violations, the court concluded that the Commission should have applied the legal standard advocated by the Secretary, but that the outcome is ...
PIL seeks joint probe by DRI, CVC, DVAC into 'coal import scam' HC asks Tangedco to respond within a week February 26, 2021 01:28 am | Updated 01:28 am IST CHENNAI
Energy giants EDF and Drax have ruled out the extension of their coal power units that were used as backup plants in case of high energy demand. Yesterday, ELN reported that the electricity system ...
In 2016, he said the DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan were overinvoicing imported Indonesian coal with the goal of "siphoningoff money abroad" and "to avail higher power tariff compensation based on artificially inflated cost of the imported coal".
The Directorate of Revenue Intelligence (DRI) has decided to get strict with State Bank of India (SBI) and Bank of Baroda (BoB) for hiding evidence against corporate entities involved in the Rs 29,000 crore coal import scam and not cooperating in the investigation against them.
The coal case now before the Supreme Court does not challenge the EPA's authority to regulate greenhouse gases as a pollutant under the Clean Air Act, which the Supreme Court established in the ...
A look at the alleged coal scam and related cases that the special court is currently hearing. What is the socalled coal scam? It refers to alleged irregularities in the allocation of 194 coal blocks to private entities which, the CAG estimated, resulted in a loss of Rs lakh crore to the exchequer. ... former Coal Secretary H C Gupta, and ...
Senior bureaucrat Vivek Joshi on Tuesday took charge as the Secretary of the Department of Financial Services (DFS) under the Ministry of replaced Sanjay Malhotra who is slated to take over as Revenue Secretary. Prior to this appointment, Joshi, a 1989 batch IAS officer of Haryana cadre, was the Registrar General and Census Commissioner under the Ministry of Home Affairs.
Coal based DRI plants are flexible with respect to plant location since noncoking coal is widely distributed in large deposits and is easy to transport. Most plants employ reduction process which is carried out in rotary kilns. ... In case of noncoking coal, the received size is normally 200 mm which is crushed with the primary and secondary ...
Direct Reduced Iron (DRI): This iron production process directly reduces iron ore in solidstate with the reaction temperature below the melting point of iron. Reducing gases are produced from natural gas (gasbased DRI) or coal (coalbased DRI) called syngas, a mixture of H2 and CO.
An investigation by the Directorate of Revenue Intelligence into overinvoicing of imports of coal and power generating equipment has tasted defeat in a tribunal. The DRI intends appealing the tribunal's decision. A Delhi based company, Knowledge Infrastructure Systems Private Limited, which has been accused of overinvoicing coal imported from Indonesia and had faced penalties imposed on it ...
The court also gave two years imprisonment to former jointSecretary K S. Kropha and four years to director Mukesh Gupta of Nagpurbased firm M/s Grace Industries Ltd in the coal scam case.
Business News: New Delhi, Apr 12 (PTI) In a bid to give a push to micro insurance schemes, Financial Services Secretary Vivek Joshi held a meeting with officials fro
The DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore between 2011 and 2015. In March 2016, DRI issued a general alert to its field formations across ...
Posted On: 17 OCT 2023 8:35PM by PIB Delhi. Dr Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a meeting with General Insurance Council and the leaders and CEOs of private sector general insurance companies in New Delhi, today. Several critical issues having implications for the general insurance ...
The All India Power Engineers' Federation (AIPEF) has written to the Prime Minister and other government offices demanding that the government direct the Adani group to hand over the documents sought by the Directorate of Revenue Intelligence (DRI) in its probe into the overinvoicing of coal imports in the case of the Kawai power plant in Rajasthan.
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