Business
Govt looks at revising coal stock rules to address fuel shortage

In an attempt to address the issue of coal shortage being faced by certain thermal power stations, the government is looking at easing coal stock rules to allow diversion of fuel to stations having critical level of stocks.
At a review meeting of thermal power plants, Union Power Minister R.K. Singh asked the power secretary to look at the possibility of reducing the benchmark of 14 days of coal stocks to 10 days for identifying and diverting coal to plants with extremely depleted stocks.
Once implemented, this could address the issues of a number of thermal plants having critical level of coal supplies while others functioning with adequate or excess coal stocks. Lower coal stocks at certain plants had impacted power generation in the last few months.
The Power Minister also desired the ministry to hold a separate review of power plants with captive mines to ensure maximum use of these mines by the power plants.
He also urged the ministry officials to look more into blending imported and indigenous coal for better economics for the plants, in case importing was the requirement for such plants.
The minister pointed out that rising demand for energy augurs well for the economy. He told the officials that energy demand is likely to rise, which will need to be factored in as they address the current constraints.
The issues came up during the minister’s review meeting on Friday with the representatives from the Ministry of Power, Ministry of Coal, Central Electricity Authority (CEA), Railways and power PSUs.
Taking a detailed review of the coal stock position at the individual thermal power plants, Singh directed the officials to work in a co-ordinated manner to streamline the stock and supply of coal, in anticipation of the rising energy demand.
Singh also reviewed the day-wise status of power requirement and withdrawal from the grid state-wise. He also reviewed the status of coal stocks and hydro power generation.
Business
US to send out tariff rate letters to countries starting next week

Washington, June 28: US President Donald Trump has said his administration will send letters to countries “over the next week and a half or so” to tell them about their tariff rates, while noting that his pause on “reciprocal” tariffs could be extended or shortened.
Trump made the remarks as South Korea and other countries have been seeking to strike a trade deal with the United States to avoid or minimise the impact of the reciprocal tariffs, with his pause on the new tariffs scheduled to end on July 8, media reports.
“So at a certain point over the next week and a half or so, or maybe before, we’re going to send out a letter. We talked to many of the countries,” Trump told a press briefing. “So we’re just going to tell them what they have to pay to do business in the United States.
Asked whether the pause on the tariffs can be extended, the president said, “We can do whatever we want.”
“We could extend it. We could make it shorter,” he said. “I would like to make it shorter. I’d like to just send letters out to everybody, (saying) ‘Congratulations. You are paying 25 percent.'”
Earlier in the day, Treasury Secretary Scott Bessent told Fox Business that the Trump administration could wrap up its trade talks with countries by Labor Day on Sept.1, as he reiterated that trading partners are approaching it with “very good” deals.
Noting that there are 18 “important” trading partners, Bessent pointed out that Washington has struck a deal with Britain and reached an accommodation with China.
“So if we can ink 10 or 12 of the important 18 — there are another important 20 relationships — then I think we could have trade wrapped up by Labor Day,” the secretary said.
On April 2, Trump announced reciprocal tariffs, including 25 percent duties on South Korea. Intended to match what other countries impose on U.S. goods, the new tariffs took effect on April 9, but the president paused them for 90 days that same day to allow for negotiations.
South Korea and other countries have been hoping to reach a trade deal with the U.S. before the temporary suspension of the reciprocal tariffs ends on July 8.
Business
Centre issues revised guidelines for waste-to-energy projects

New Delhi, June 28: The Centre on Saturday said it has released revised guidelines for the waste-to-energy programme under the National Bioenergy Programme., which aims to foster a more efficient, transparent, and performance-oriented ecosystem for bio-waste to energy deployment in India.
By simplifying procedures, expediting financial assistance, and aligning support with plant performance, the updated guidelines are designed to significantly enhance the ease of doing business for private as well as public sector, said the Ministry of New and Renewable Energy (MNRE).
Under the new framework, the ministry has simplified several processes, such as cutting down on paperwork and easing approval requirements, which will enable the industry especially MSMEs to enhance their production of CBG, Biogas and Power.
These changes align well with improvement of waste management including stubble, industrial waste, and India’s broader goal of reaching net-zero emissions by 2070.
A key highlight of the revised guidelines is the improved system for releasing Central Financial Assistance (CFA).
“Considering the challenges faced by the developers to achieve 80 per cent generation, flexible provisions have been made in the scheme for release of CFA based on plant performance,” said a ministry statement.
Previously, companies had to wait until the entire Waste-to-Energy project attains 80 per cent generation to receive support.
Moreover, as per the revised guidelines, there is a provision to release the CFA in two stages. Based on performance of the projects, 50 per cent of total CFA will be released after obtaining the consent to Operate certificate from State Pollution Control Board, against the bank guarantee, while the balance CFA would be released after achieving the 80 per cent of the rated capacity or the maximum CFA eligible capacity, whichever is lesser.
“In notably, even if a plant does not achieve 80 per cent generation for above both conditions during performance inspection, provision is made for pro-rata based disbursement based on the percentage output. However, no CFA will be given if the PLF is less than 50 per cent,” according to the government.
This change acknowledges real-world challenges and supports developers by offering financial flexibility and viability during operations.
The revision introduced provides the flexibility to the project developers in claiming CFA either within 18 months from the date of commissioning, or from the date of In-principle approval of CFA, whichever is later.
International
Trump says US to terminate all trade talks with Canada

New York, June 28: US President Donald Trump announced that the United States would terminate all trade talks with Canada due to Canada’s digital services tax on US tech companies.
Canada has just announced that they are putting a digital services tax on American technology companies, which is a direct and blatant attack on the United States, said Trump in a post on social media.
“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” said Trump.
The United States would inform Canada the US tariffs that apply to Canadian businesses within the next seven days, according to Trump.
Canada is copying the European Union in introducing digital services tax, noted Trump.
The United States is scrambling to wind up trade talks with a large number of trading partners as the self-imposed deadline of July 9 is approaching, media reported.
However, White House Press Secretary Karoline Leavitt on Thursday said Trump could extend the deadline.
Earlier in may 2025, Canadian Prime Minister Mark Carney said that he had wide-ranging and constructive discussions with US President Donald Trump in the White House, although the two leaders disagreed on tariffs lifting and the “51st state,” according to the live broadcast of CBC News.
Carney said he told Trump it’s “not useful” to repeat the 51st state idea, adding that Trump is the president who is going to say whatever he wants.
“He understands that we are having a negotiation between sovereign nations,” said Carney.
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