The entire process of allocation and allotment will be regulated by a 'nominated authority' appointed by the central government. Once the allotment is completed, following rights and licenses will vest in the allottee: ... As has been stated above, the allocation of a coal block by the Central Government confers the power on the allottee to ...
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 ...
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 companies.
July 14, 1992 A number of coal blocks, which were not in the production plan of Coal India Ltd and the Singareni Collieries Company Limited (SCCL), were identified and a list of 143 blocks...
Broad process followed for arriving at the tentative list is detailed out below: Blocks/ mines falling under wildlife protected areas, corridors, heavily built up area have been excluded Blocks/ mines with having over 40% of Green Cover have been excluded
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 are intended to ...
Since 1993,allocation of captive coal blocks was being done on the basis of recommendations made by an interMinisterial Screening Committee which also had representatives of State governments. Taking into account the increasing number of applicants for coal block allocation,the Government,in 2003,evolved a consolidated set of guidelines to ...
•Auction process successfully completed for 28 coal blocks. 5 Second Attempt of Auction •Total 11 mines on offer 4 mines under Tranche 12 of CM(SP) Act 2015 and 7 ... an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017,
To increase coal production, the focus of the Government is on accelerating domestic production of coal through the allocation of more coal blocks, pursuing with the State Government for assistance in land acquisition, and coordinated efforts with Railways for the movement of coal. ... Rolling Auctions: To expedite the process for conducting ...
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 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 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.
The foregoing supports the following conclusions: • 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 ...
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. While the new allocation framework is an. Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal ...
• Coal allocation scam 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 ...
Allocation process was arbitrary, discretionary and nontransparent. There was no consideration of Merit, no Price discovery mechanism for national resources. ... The CCEA approved the methodology for auction of coal mines/ blocks for sale of the commodity on 20 February 2018. The move has been defined as the most ambitious reform of the sector ...
A. GUIDELINES. for allocation of coal blocks for captive mining for the specified end uses shall be made to the Director (CAI) in the Ministry of Coal in five copies. The application shall be accompanied by the following in addition to any other relevant documentation that the applicant may submit:
New Delhi | Updated: October 19, 2020 12:38 IST Follow Us While there have been several convictions in the wide range of coal blocks cases, this is the first time that an NDA minister has been convicted.
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 ...
Date. 1. Directions of the Central Government for auction of coal mines under the CM (SP) Act, 2015. Downloads. File size : KB. File type: PDF. . 2. Minutes of 4th meeting held on under chairmanship of Additional Secretary (Coal) to identify additional coal / lignite blocks for allocation under rule 3 (2) of the Coal ...
The draft Coal Blocks Allocation Rules is hereby placed in the website of the Ministry of coal (). The members of the public and stakeholders concerned are requested to submit their comments and suggestions on the draft Rules to the email id: upto 15:0O hours of Encl.: Draft Coal Blocks Allocation Rules.
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 ...
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.
The Amendment Act seeks to provide for grant of reconnaissance permit, prospecting licence or mining lease in respect of an area containing coal and lignite through auction by competitive bidding, on such terms and conditions as may be prescribed. This, would however, not be applicable in the following cases:
A list of 143 coal blocks was prepared initially and inflated to 216 later. At that time, there were no concrete guidelines for allocation of coal blocks as coal mining was largely restricted to PSUs and many geographic locations were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003.
What the coal blocks cases are about? In the early 1990s, the government decided to allocate to private companies coal blocks and a list of companies was prepared. In March 2012, a leaked draft report of the Comptroller and Auditor General (CAG) revealed irregularities in the allocation and pegged the loss to the exchequer at Rs lakh crore.
an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017, to permit 100% FDI under automatic route in coal mining activities Press Note 3 of 2020, prescribing prior Government approval if FDI is by an entity from a country which shares
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 ...
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