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Business Jharkhand Headlines
Jharkhand Finance Minister Raises Revenue Concerns at Delhi Conference Jharkhand Finance Minister Radha Krishna Kishore sought restoration of the state’s power to levy mining cess, compensation for GST-related revenue losses and a 90:10 Centre-State funding ratio under the G-RAM-G scheme. He said policy changes could potentially impact Jharkhand’s economy by 20,000-22,000 crore. Kishore also stressed greater financial support for weaker states to support balanced development.
Rakesh Kumar Taken Charge as Magadh Coal Project Officer Rakesh Kumar has taken charge as the 17th Project Officer of CCL’s Magadh coal project, replacing Sudhir Sinha, who has been transferred to the B&K area as GM Operations. Kumar, previously a manager in the Ashoka area, faces the challenge of improving declining coal production. The project has seen two officer transfers within five months amid falling output.
SP Group Backs Tata Sons Listing Amid Leadership Dispute Shapoorji Pallonji Group chairman Shapoor Mistry has publicly supported the listing of Tata Sons, calling it a social and ethical responsibility. The SP Group, Tata Sons’ second-largest shareholder, welcomed the RBI’s decision requiring compliance with listing norms. Mistry also backed Tata Group’s expansion into semiconductors, defence, artificial intelligence, energy and strategic infrastructure, amid an ongoing internal dispute.
Coal India Employees Get 1.8% Hike in Dearness Allowance Coal India has increased the dearness allowance for non-executive employees by 1.8%, taking the rate to 26.8%. The revised allowance will apply from September 1 to November 30. The increase will benefit more than two lakh employees across Coal India subsidiaries, including around 29,500 workers of BCCL, providing them additional financial support.
Piparwar Underground Mine Started Coal Production Coal production has started from CCL’s Piparwar underground mine after nearly three decades of open cast mining. Operated by Joy Mining under the MDO model, work on two of the three inclines has been completed, while 40-50 metres remain in the third. The Rs.392-crore project has 81.83 lakh tonnes of coal reserves and targets annual production of 8.70 lakh tonnes.
Jharkhand Cabinet Meeting Scheduled for 25th September Jharkhand Chief Minister Hemant Soren will chair a state Cabinet meeting at Project Bhavan, Ranchi, on 25th September at 3 pm. The meeting is being held after nearly a month. Various departmental proposals, including welfare schemes, road construction, energy and food supply, are likely to be discussed. Key government priorities and pending matters may also come up for consideration.
SAIL Director Finance Interview Rescheduled to 21st September The interview for SAIL’s Director Finance and Accounts post has been postponed from 18th September to 21st September due to the Public Enterprises Selection Board chairman’s leave. The online interview will be held from 10 am to noon, with results expected the same evening. Twelve eligible officers are in the selection process for the five-year position.
N. Chandrasekaran Set to Continue as Tata Sons Chairman for Five More Years Tata Sons’ board has approved N. Chandrasekaran’s reappointment as executive chairman for another five years after his current term ends in February 2027. Chandrasekaran had earlier announced he would step down but agreed to continue following the board’s request. Noel Tata voted against the proposal, while other board members supported it. Tata Sons will also proceed with listing plans.
IRS Officer Nesha Oraon Uses Metaphor to Discuss Religious Conversion At a three day youth religious parliament in Ujjain, Indian Revenue Service officer Nesha Oraon, currently posted in Ranchi Jharkhand, spoke about religious conversion and cultural identity. Using a plant metaphor, she said communities separated from their traditions and cultural roots may lose their strength and stability. She also discussed concerns about creating distance between tribal communities and Sanatan traditions during the session.
Jharkhand Cancels LOIs for 5 Mines Over Delayed Forest Clearance The Jharkhand Government has cancelled Letters of Intent for five mines that remained stalled for eight to ten years due to pending forest and other mandatory clearances. The affected blocks include two gold, one iron ore and two graphite mines. The Mining Department will now begin the process of issuing fresh LOIs to new applicants for these projects.
Jharkhand Set to Restart 19 More Closed Mines in Kolhan The Jharkhand Mining Department has accelerated efforts to restart long-closed mines in Kolhan. Of the 28 mines identified during a review, nine have already resumed operations, while preparations are underway for 19 more. The remaining mines face legal, environmental and administrative hurdles, including expired leases, pending clearances, pollution board approvals and incomplete mine closure formalities.
CMPDI Expands Mining Technology and Engineering Capabilities Ranchi based CMPDI has strengthened its engineering and research capabilities to meet the changing needs of the mining sector. It prepared 30 project reports with a combined capacity of around 252 MTPA and 67 EIA/EMP reports. The company also developed washing capacity prospects and completed an underground coal gasification pilot plant, while supporting coal-bed methane and surface gasification projects.
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