Coal news and updates

The Indian government will approach its Singapore counterpart seeking information on companies accused of having over-invoiced coal imports. The government is going ahead with this after the reported inability of the State Bank of India (SBI) to divulge details, citing banking secrecy rules of the Monetary Authority of Singapore (MAS) prohibiting disclosure about clients without their consent. The Directorate of Revenue Intelligence (DRI), Mumbai, had asked the largest bank in the country in December last year for information about coal imports from Indonesia

Source: Busines Standerd