The Coal Ministry issued Order for Deduction of Bank Guarantees and de-allocation of Coal Blocks

Nov 18, 2012, 13:32 IST

India Current Affairs November 2012. The Coal Ministry of India on 17 November 2012 issued orders for deduction of bank guarantees of the D B Power and decided on de-allocation of some coal blocks following a decision made by an Inter Ministerial Group

The Coal Ministry of India on 17 November 2012 issued orders for deduction of bank guarantees of the D B Power and decided on de-allocation of some coal blocks following a decision made by an Inter Ministerial Group.

The Inter ministerial Group after its decision recommended a deduction of the bank guarantee of D B Power to an extent of 5.1 crore rupees. The calculated bank guarantee of the coal controller is to be deducted and deposited with the government.

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