South Eastern Coalfields Ltd., a unit of state-run Coal India Ltd., has hired banks for an initial public offering in Mumbai that could raise as much as $800 million, according to people familiar with the matter. The coal producer has appointed ICICI Securities Ltd., SBI Capital Markets Ltd., Motilal Oswal Investment Advisors Pvt. and IDBI Capital Markets & Securities Ltd. to advise on the share sale, the people said, asking not to be identified because the information is private. South Eastern Coalfields aims to file a draft prospectus as early as December, the people said. Parent Coal India is expected to sell shares in the proposed offering, they added. Discussions are ongoing and details including the size and timing of the offering could change, the people said. Representatives for Coal India, South Eastern Coalfields and the banks didn't immediately respond to requests for comment. The potential listing would add to Coal India's efforts to take some of its sub...
For a party often accused in the south of pushing Hindi at the cost of regional languages, the Union Home Ministry's latest communication stood out. Amit Shah has replied to CPI(M) MP John Brittas in Malayalam, marking what is seen as the first instance of a Union Home Minister issuing an official response in the language.
The gesture comes as Kerala moves into election mode and at a time when the BJP is working to expand its footprint in the state after winning its first ever Lok Sabha seat there in the 2024 general election.
The choice of Malayalam also carries added weight because Brittas himself has been a persistent advocate for linguistic parity in parliament. He has earlier demanded translation devices for MPs who struggle with lengthy Hindi speeches during debates, arguing that true legislative participation requires equal linguistic access.
Shah's reply dated November 14 formally acknowledged Brittas' detailed representation of October 22 on the notification that makes chargesheeting grounds for cancelling Overseas Citizen of India (OCI) registration. In his letter, Brittas said the measure violates due process, erodes natural justice and exposes OCI cardholders to arbitrary action in the absence of a judicial finding.
He said the OCI scheme has long served as a bridge between India and its diaspora, symbolising openness, continuity and emotional connection.
Even though the Home Minister's letter was procedural, the inclusion of a full Malayalam version alongside Hindi was striking. It signalled a political recognition of the language in which the concerns were raised and came at a moment when debates on linguistic federalism are intensifying.
Brittas has maintained that the core constitutional objections remain unresolved and that the August 12 notification exceeds the scope of the Citizenship Act, 1955. But even as the legal questions persist, the language of the response has added a fresh layer to the political conversation in a region where identity and language remain central to political assertion.
from NDTV News- Special https://ift.tt/yWzhaIE
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