7.Coal block cancellations: This was perhaps one of the most surprising developments in the year. In September, the Supreme Court cancelled 214 coal blocks, which were allotted between 1993 and 2011. It gave the companies six months to return the blocks to the state-owned Coal India.
In May 2013, the US Federal Reserve announced its intentions to cut down its bond purchases, called the Quantitative Easing programme. The US central bank infused money into the US markets through this programme. This money found its way into riskier emerging markets like India. The announcement led to market crashes around the world. The Indian market was the most affected. 2014 has seen a reversal of this effect. The US central bank slowly reduced its bond purchases to finally end the programme in October this year. Despite that, foreign investors continued investing in India as the underlying economy and fundamentals improved. The US central bank also indicated it may hike interest rates next year.
7.Coal block cancellations: This was perhaps one of the most surprising developments in the year. In September, the Supreme Court cancelled 214 coal blocks, which were allotted between 1993 and 2011. It gave the companies six months to return the blocks to the state-owned Coal India.Meta l stocks fell sharply as a result of the announcement. Jindal Steel and Power was the most affected, losing around eight mines. The government now plans to auction the blocks in a fresh round. This is expected to take place in February 2015.
7.Coal block cancellations: This was perhaps one of the most surprising developments in the year. In September, the Supreme Court cancelled 214 coal blocks, which were allotted between 1993 and 2011. It gave the companies six months to return the blocks to the state-owned Coal India.