QA: Five things about India's coal scandal
WEBSep 4, 2012 · Of the 86 coal blocks which were to produce coal by 201011, "only 28 blocks (including 15 alloed to the private sector) started production as of 31 March, 2011".
WEBSep 4, 2012 · Of the 86 coal blocks which were to produce coal by 201011, "only 28 blocks (including 15 alloed to the private sector) started production as of 31 March, 2011".
WEBAug 25, 2014 · The Supreme Court on Monday pulled up the Centre on coal block alloions and declared all >218 alloions made from 1993 to 2011 illegal and arbitrary. A Bench of Chief Justice Lodha and ...
WEBJan 5, 2024 · The verdict by Special Judge Sanjay Bansal pertains to the alleged irregularities in the alloion of Marki MangliII, III, and IV coal blocks in Umred district of Maharashtra to the company.
WEBAUCTION OF COAL MINES FOR SALE OF COAL. Notice regarding declaration of Technically Qualified Bidders17th TrancheSecond Attempt Notice regarding declaration of Technically Qualified Bidders18th Tranche Notice regarding declaration of Technically Qualified Bidders19th Tranche.
WEBThe Coal Alloion Scam, often known as the Coalgate Scam, occurred during the UPA government's tenure. It became relevant in 2012, when the thenComptroller and Auditor General (CAG) levelled charges against the government over the distribution of coal blocks to public and private firms. Between 1993 and 2010, a total of 216 coal blocks ...
WEBMay 18, 2022 · Coal block scam, CAG report on coal alloion, Supreme Court seeking report on coal cases, Alloion of coal blocks ... 2015 bill The 2015 Bill provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ...
WEBMar 4, 2015 · The audit noted that while an interministerial screening committee decided on the alloion of coal blocks to endusers in the private sector, the "minutes of the steering committee did not indie how each one of the applicants for a particular coal block was evaluated", rendering the process nontransparent.
WEBThe 2012 CAG report on coal block alloion in India as well as the 2014 Supreme Cout judgement (which led to a cancellation of 214 coal blocks) lead to a complete revamp of the system by which coal blocks were given out to prospective owners. ... Understanding the Auction Process As per the latest guidelines, the coal block auctioning process ...
WEBChapter 2 – Audit Framework. ( MB) Download. Chapter 3 Augmentation of Coal Production. ( MB) Download. Chapter 4 Alloion of Captive Coal Blocks. ( MB) Download. Chapter 5 Production Performance of Captive Coal Blocks. ( MB) Download. Chapter 6 Conclusion and Recommendations.
WEBMar 28, 2018 · ED attaches assets worth Rs 603 crore belonging to Vandana Vidyut Ltd. The move by agency was in connection with a coal block alloion case. ED alleged that directors of the firm destroyed forged sale documents. In a crucial development, the Enforcement Directorate today attached assets including factory building, plant and .
WEBMar 11, 2015 · 1. The coal gate scam is the alloion of coal blocks to corporates of public centre entities (PSE) and companies and the private sector during the UPA rule under Prime Minister Manmohan Singh's mandate. The government alloes coal blocks through a process of competitive bidding. However, this procedure was not followed .
WEB(1) In connection with the alloion of coal blocks the Central Government shall (a) identify the coal blocks for alloion as per the standard technical parameters;(b) specify the manner of alloion through (i) auction; or(ii) allotment to Government Company or corporation under clause (a) of 6[the proviso to subsection (1) of Section 11A of the .
WEBDec 28, 2022 · COAL BLOCK ALLOCATION. Mines and Minerals (Development and Regulation) Act, 1957 . ... Commercial coal block auctions are conducted in a twostage online bidding process, which involves technical screening and submission of competitive initial price offer in the first stage, and a second and final stage where better price offers .
WEB1. Short title and commencement. (1) These rules may be called the Coal Blocks Alloion Rules, 2017. (2) They shall come into force on the date of their publiion in the Official Gazette. 2. Definitions. (1) In these rules, unless the context otherwise requires, . (a) "Act" means the Mines and Minerals (Development and Regulation) Act ...
WEBFeb 19, 2015 · The agency on Thursday filed its final probe report in a coal block alloion case allegedly involving former Coal Secretary P C Parakh, Hindalco and others before the special court
WEBAug 25, 2014 · June 2012: Coal ministry forms an interministerial panel to review the process of alloion of blocks and to decide either on dealloions or forfeiture of bank guarantees. The government has ...
WEBJul 6, 2020 · India imports around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore. The 41 mines opened for auction now can hit a peak production of 225 mt in 202526, saving foreign exchange. A High Powered Expert Committee (2017) recommended a shift from the alloion of coal blocks for own consumption to .
WEBJun 18, 2020 · India launches auction of 41 coal blocks for commercial mining ... (FICCI) launched a twostage electronic auction process for the alloion of the coal mines. Liberalisation of the coal industry . India's coal mines have registered a jump in output in the last six years, and the auction will help better monetise these assets. ...
WEBArbitrariness: Until 1993, there were no specific criteria for alloion of coal blocks. In 1993, a new process was started in which alloions were made on the recommendation of an "interministerial screening committee", headed by the coal secretary.
WEBThe existence of the Scrutiny Committee demonstrates the Ministry's commitment to ensuring accountability and adherence to timelines in the coal block alloion process. By evaluating delays and recommending penalties where appropriate, the committee plays a crucial role in promoting transparency, efficiency, and compliance within the coal sector.