Today news
About the same in other media
Coal India to apply uniform rates on late payments
Reading now: 194
Coal India Ltd (CIL) will apply uniform interest rates on receivables outstanding after the due date. The move is aimed at enabling simplification and ease of business, the state-owned company said in a statement.
So far, interest rates on late payment had wide variances even for the same buyer of coal that had different and more than one fuel supply agreements (FSAs) with the company, it said.
Coal India took cognisance of representations made by coal consumers who sought revision in the lopsided interest rates, the company said, adding that it levelled the differences and brought in a uniform rate.
The policy tweak is for coal sold under different fuel supply agreements and schemes.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
‘Anti-India separatist agenda’: India reacts to Canada's latest development targeting Indian diplomats livemint.com /1 month ago
India's coal-fired monthly power output slips consecutively for the first time since pandemic economictimes.indiatimes.com /1 month ago
Can India adapt AI to suit the country’s specific needs and context? livemint.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
