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Goa Industrial Development Corporation’s Rs 196 crore coal block request hits finance department roadblock

13 Nov 2019

State finance department officials have informed GIDC that they are against a Goa Industrial Development Corporation (GIDC) proposal which seeks nearly Rs 200 crore from the government to pay the “performance guarantee” for a coal block that GID plans to operate. Sources also said that with the shrinking revenue situation,the government is not in a position to take on such liabilities and GIDC should explore other avenues for the funds needed for the performance guarantee, as required by norms sst by centre.
 
Source : https://timesofindia.indiatimes.com/city