CHAPTER 7 COAL DISTRIBUTION AND MARKETING ANNUAL REPORT 201920 COAL DISTRIBUTION AND MARKETING Coal Distribution and Marketing Allocation of coal to power, cement and steel plants The allocation of coking coal to Steel plants was earlier made by the Coal Controller.
The coal mining sector in India seems to have finally taken the last step towards its denationalisation after more than 40 years. The Mineral Laws (Amendment) Act, 2020 ( Amendment ) promulgated as an ordinance in January 2020 has recently been passed by the Parliament. The Amendment seeks to allow greater private participation in the coal ...
Advertisement. The CAG in its final report earlier this week said private firms are likely to rake in Rs lakh crore from allocation of 57 coal blocks without competitive bidding between 2005 and 2009. Coal minister Sriprakash Jaiswal in his statements to the press purported gains accruing to the companies was unviable: We do not agree with ...
Prime Minister Narendra Modi coal mining leases was finalised and approved by the government in February 2018. Since Coal India Limited's production is unable to meet the demand of noncaptive industry requirement of coal, there has been a surge in import of coal.
![[Indepth] [Updated] Coal Sector in India IAS EXPRESS](/axkbgyw/368.jpg)
This will standardise the process and address the discretionary nature of the process. Online Coal Clearance System: Developed by the coal ministry to enable easier submission and clearance of applications to the ministry. CAMS: Coal Allocation Monitoring System. It is to monitor the allocation process and improve transparency.
the year 2022 (up to November, 22), all India Coal production (CIL, SCCL Captive mines) is MT (Provisional) and Coal off take is MT (Provisional). Coal dispatch to Power Sector is MT (Provisional). the year 2022 (up to November, 22), EAuction by CIL and SCCL is MT.
Coal allocation scam or Coalgate as referred by the media, 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 ...
The Government approved the fading away of the existing Letter of Assurance (LoA) Fuel Supply Agreement (FSA) regime and introduced Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI), 2017, which was issued by the Ministry of Coal on 22 May 2017. The Government also approved amendments to the SHAKTI Policy ...
Coal block allocation: chronology of events; 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 ...
[Section 9A] After taking into consideration the report, if any, the Central Government shall make a declaration with respect to acquisition of the land. Such declaration must be made within three years of the notification, and shall be published in the Official Gazette.
Coal mining in India has primarily been driven by the need for energy domestically. About 55% of the current commercial energy use is met by coal. The power sector is the major consumer of coal, using about 80% of domestically produced coal. ... CAG recommended that the allocation process should be made more transparent and objective, and done ...
It is a process in which coal is partially oxidised with air, oxygen, steam or carbon dioxide to form a fuel gas. This gas is then used instead of piped natural gas, methane and others for deriving energy. India has a reserve of 307 Billion tonnes of thermal coal and about 80% of coal produced is used in thermal power plants.
Timeline of events related to captive coal block allocation in India 2 Figure 2: Summary of cancelled coal blocks and proposed allocations 6 Figure 3: Enduse classification of coal blocks by ...
Introduction Coal is the most important and abundant fossil fuel in India. It accounts for 55% of the country's energy needs. The country's industrial heritage was built upon indigenous coal. Commercial primary energy consumption in India has grown by about 700% in the last four decades.
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:
As secretary of coal to the government of India over 200608, a period when several of the questioned allocations took place, he was directly implicated in the scandal.
India Resources, Power, Economy: Although India possesses a wide range of minerals and other natural resources, its per capita endowment of such critical resources as cultivable land, water, timber, and known petroleum reserves is relatively low. Nevertheless, the diversity of resources, especially of minerals, exceeds that of all but a few countries and gives India a distinct advantage in ...
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 ...
coal mines covered under the CMSP Act, remaining blocks are allocated Act. Till date 11 coal blocks under the MMDR Act have been allotted to Government companies, where 2 blocks are remaining 9 are for for commercial purpose captive end use. and various under the MMDR Apart from 204 only while royalty till Nov. 2020. The total revenue
The Coalgate scam has been a negative mark on the UPA tenure in India from as it laid out all the wrongdoings by the ruling government. The scam is about a scandal in the allocation of coal blocks to the competing companies, that lacked the proper procedure of auctions through which the highest bidder could get the block.
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.
to allocate coal blocks by a process of competitive bidding, but chose not to. Windfall gain of rupees 185,591 crores (US Billion) FIRMS ELIGIBLE FOR A COAL ALLOCATION. Nationalisation of coal mining industry between 1972 and 1976. Coal. India. Limited (CIL) and. Singareni. Collieries. Company (SCCL) responsible for coal production
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 ...
During the investigation process, Indian Police conducted raids across 10 cities to comprehend the misappropriation in the allocation of coalfields. Even government officials and toplevel officials of the involved companies are under scrutiny (Srinivas, 2012; India News Bulletin, 2012).
In a nutshell, the coal allocation scam, or 'Coalgate' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012. The scam came to light after the Comptroller and Auditor General of India (CAG) accused the government of India for allocating 194 coal blocks to public and private enterprises ...
Coal allocation scam or Coalgate, is a political scandal concerning the illegal allocation of the nation's coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of allocating ...
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