Indian Coal Allocation Scam. Authored by Internal Team The present article deals with the Indian coal allocation scam, the scam is a political scam that inundated the UPA government in the year 2012. Table of Contents Estimated Reading Time: 11 minutes ...
The officials recommended that the word "transparent" should be inserted before the sentence "competitive bidding process" in the Coal Block Allocation Rules of 2017, which state that ...
3. Allocation process. 4. Block Dossier. 5. Auction. 6. Allotment. 7. Allotment on the basis of tariff based competitive bidding for power projects. 8. Procedure after declaration of successful bidder or successful allottee. 9. Reauction and reallotment. 10. Arrangements for optimal utilisation of coal blocks. 11.
The Coal allocation scam, dubbed in media as Coalgate, is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise (PSEs) and private a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient ...
The Parliamentary Standing Committee report on coal blocks allocation was tabled in the Parliament last week. "The Committee observe that whole procedure adopted by the Government for distributing coal blocks betrays the confidence of the people of our country reposed in the Government. The Committee feel that entire decision making process for distribution of coal blocks needs investigation ...
The Slow Interview Gaon Connection Survey Coal Allocation: The full story Coal mines in India are being opened for commercial mining for the very first time. While launching the auction process, the Prime Minister said coal mining will pave the way for development in the tribaldominated areas.
1 In this article, Akshita Rishi who is currently pursuing IN BUSINESS LAWS, from NUJS, Kolkata, discusses the rules that govern the allocation of Coal Blocks in India. Introduction We often talk about conservation of our natural resources as they are limited in nature.
Coal blocks: SC rejects private miners' plea. In its 27page order cancelling the allocation of 214 coal blocks on Wednesday, a threejudge Bench headed by Chief Justice of India Lodha ...
The allocation process prior to 2010 allowed some firms to obtain valuable coal blocks at a nominal expense The eligible firms took up this option and obtained control of vast amounts of coal in the period 200509 The criteria employed for awarding coal allocations were opaque and in some respects subjective.
It is ironic that two of the biggest defaulters in the SDR scheme are also involved in this coal block allocation case, but because of the deaths, they have escaped the dragnet. ... It is to the BJP's credit that it decided to auction these disputed coal mines through a fair and transparent process. But only a series of convictions will act ...
At the outset, Vahanvati said deallocation process for the coal block allocation made between has been put on motion and the private parties to whom allocation has been made for 61 ...
process of allotment of coal blocks / coal linkages for thermal power projects, Ministry of Power has been issuing necessary communications from time to time. The communication dated 24th March, 2006 (/2003IPC) provided for the following priority in the matter of coal blocks/coal linkage allocation. i.
Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal blocks, the government quickly brought in legislation and began the process of their reallocation.
Now, the sector has been opened up for commercial coal mining by private players in 2020 and first ever successful auction of commercial mining was launched by the Hon'ble Prime Minister on and concluded with allocation of 19 coal mines. Commercial coal block auctions are conducted in a twostage online bidding process, which ...
The Coal Allocation scam or the Coalgate scam is a scandal that took place during the UPA government tenure. It came into reckoning in 2012 after the then Comptroller and Auditor General (CAG) raised allegations against the government for allocation of coal blocks to public and private enterprises. Out of the total 216 coal blocks allocated ...
The Managing Coal Mine Closure report was prepared using the Energy and Extractives Global Engagement budget for US250,000 / year for two years. The Energy Sector Management Assistance Program (ESMAP) is supporting the Global Platform for Just Transition with an initial focus on the Europe and Central Asia (ECA) region with US725,000 and a ...
2. INTRODUCTION • Coal allocation scam or Coalgate, is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during ...
The Coalgate Scam was unearthed by the CAG report on allocations of coal blocks. CAG report alleged that a loss of Rs. lakh crore was caused to the exchequer because of a nontransparent and discretionary allocation process. The beneficiaries of the scam are private players who have made windfall gains and have received highly valuable natural resources at almost free of cost.
Chapter 2 The eAuction: Design and Process The legal framework for allocation of cancelled coal blocks was provided through the Coal Mines (Special Provisions) Act, 2015 (preceded by the two Ordinances in October 2014 and December 2014), Coal Mines (Special Provisions) Rules, which were followed by issue of Standard Tender Document (STD).
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Follow Us. The Coal Ministry expects operationalisation of 58 coal blocks in 202223 and has set target of million ton coal production, an official statement said on Friday. "The Ministry of Coal has allocated coal blocks for captive end use and sale of coal/ commercial mining. million tonnes of coal has been produced in FY 202122 ...
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