Adani Energy completes acquisition of Essar's Mahan-Sipat Transmission assets (See 'Corp Brief') Arbitration - Since settlement has not worked out Court decided to refer matter to arbitration : HC (See 'Legal Desk') Power Finance Corporation announces Highest Annual Profit (See 'Corp Brief') SEBI Act - Considering receipt of settlement amount by SEBI and fulfilment of non-monetary term of settlement, adjudication proceedings initiated against Applicant can be disposed of : SEBI (See 'Legal Desk') PMLA Act -Without discussion as to how property is involved in money laundering conclusions recorded by Adjudicating Authority cannot sustain : Tribunal (See 'Legal Desk') Mines Ministry organizes Workshop on Offshore Mining (See 'Corp Brief') SAFEMA - Appellant have furnished evidence which show satisfactorily that they took all reasonable steps to realise export proceeds : Tribunal (See 'Legal Desk') Companies Act - Winding up petition can be dismissed when contentions raised by parties constitute triable issues as Company Court cannot enter into adjudication of disputed facts of amount due and payable : HC (See 'Legal Desk') NHAI organises Workshop on implementation of Insurance Surety Bonds (See 'Corp Brief') Competition Act - In absence of any apparent anti-competitive conduct, decision of purchase or sale of product and quantity thereof is driven by commercial considerations of market players : CCI (See 'Legal Desk') Slum Rehabilitation Act - Preferential right to owner is available only when someone other than owner is being preferred and owner has never before been given or availed of right to develop : HC (See 'Legal Desk') CPC - Application can be dismissed as Intervener has already initiated its own remedy by way of independent Execution Petition : HC (See 'Legal Desk') Principal Scientific Adviser chairs meeting to discuss Biomass Cultivation (See 'Corp Brief') SEBI Act - Appellant has not shown sufficient cause for condonation of delay in filing appeal : SAT (See 'Legal Desk') PMLA - When questions relating to legality of arrest is under consideration, more holistic and libertarian view is to release Chief Minister of Delhi on interim bail for Lok Sabha General Elections : SC (See 'Legal Desk') Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 - Order for forfeiture of properties is rightly made as property is occupied through lllegal earning : Tribunal (See 'Legal Desk') India Pavilion at World Hydrogen Summit showcases Green Hydrogen Mission (See 'Corp Brief') Arbitration Act - As petitioner is not notified as 'financial institution' or 'bank' under RDB Act, there is no bar on parallel proceedings to co-exist under A&C Act as well as SARFAESI Act : HC (See 'Legal Desk') Cr.P.C. - Once order issuing process has been set aside, then applicant has no right to file application u/s 482 of Cr.P.C. for quashment of complaint case : HC (See 'Legal Desk') Competition Act - WordPress.org is justified in taking appropriate action against any developer found non-compliant with prescribed standards and regulations : CCI (See 'Legal Desk')

Print

Coal India's subsidiary MCL to fund COVID-19 hospital in Bhubaneswar: Joshi

Published: Apr 06, 2020

By TIOLCORPLAWS News Service

NEW DELHI, APR 06, 2020: MAHANADI Coalfields Limited (MCL) will finance all expenses of the COVID-19 country's second largest COVID-19 hospital in Bhubaneswar including cost of treatment of patients for which MCL has already released Rs 7.31 Crores as immediate advance. The hospital is a great medical asset for the people of Odisha, said Union Minister of Coal and Mines Mr Pralhad Joshi during inauguration programme of hospital co-ordinated through Video Conferencing.

Mahanadi Coalfields Limited (MCL), Coal India's subsidiary company, is funding the total operations of the hospital having 500 beds and 25 Intensive Care Unit (ICU) beds with ventilators. Mr Naveen Patnaik Chief Minister, Odisha inaugurated the hospital. Government of Odisha started this hospital in Bhubaneswar today. Union Minister of Petroleum & Natural Gas Mr Dharmendra Pradhan and Union Minister of Coal & Mines Mr Pralhad Joshi also attended the programme.

Mr Pralhad Joshi said that the central government has already issued guidelines to allow state governments to utilize up to 30% of the balance fund available with District Mineral Fund (DMF) to combat COVID-19. He added that this will also help the mineral rich state like Odisha in fighting with the pandemic.

“I had personally directed the PSUs of Coal and Mines Ministries to extend best possible support to the respective state governments to help fight COVID-19, which has engulfed most of the countries of the world. I am happy that these PSUs have risen to the occasion.” Union Coal and Mines Minister added.

Coal India's subsidiaries have set up over 1500 quarantine/ isolation beds in eight states. Similarly, employees of Bhubaneswar headquartered NALCO have pledged to contribute their one day salary amounting to Rs. 2.5 Crores to Odisha Chief Minister's Relief Fund. NALCO has also given its consent to fund a dedicated COVID-19 hospital to be set up by the Government of Odisha in Koraput district.

 

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.