Comptroller and Auditor General (CAG) of India estimated a loss of around Rs. Lakh crore to the exchequer due to misallocation of coal blocks. Lot of cases of corruption and negligence of responsibilities were reported. As a result the Supreme Court of India cancelled 204 of the coal block allocations considering them as arbitrary and illegal.
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 ...
Allocation of coal blocks for composite prospecting licensecummining lease; It will help in increasing of the inventory of coal, lignite blocks for allocation. Provision for requirement of Approval from Centre Done away; In cases where the allocation or reservation of coal/lignite block has been made by the Central Govt. itself
The CAG has not only recommended immediate coal block auction but also an FIPB like single window for clearances among other things. The much awaited Comptroller and Auditor General's report on coal block allocation was on Friday tabled in the Parliament. The report has pegged the loss caused due to allocation of coal blocks at Rs lakh crore.
India: South African thermal coal portside prices remain largely stable wow
Apart from Singh, the court said some top officers, who were then working in Prime Minister's Office (PMO) at that time and were concerned with the process of allocation of coal block to HINDALCO ...
Allocation process was arbitrary, discretionary and nontransparent. There was no consideration of Merit, no Price discovery mechanism for national resources. Till now, the PSU, Coal India was the only commercial miner in the country for more than four decades which has shown monopolistic tendencies in the sector. Monopoly in mining sector was ...
The CAG report also pointed out how mindless allocation of coal blocks to private companies caused huge losses to public sector company Coal India Limited (CIL). The guidelines for allocation clearly state that coal blocks offered to the private sector should be "at reasonable distance from existing mines and projects of CIL in order to avoid ...
Earlier this week, Lok Sabha passed the Bill that provides for the allocation of coal mines that were cancelled by the Supreme Court last year. In light of this development, this post looks at the issues surrounding coal block allocations and what the 2015 Bill seeks to achieve.
But even with an ambitious plan to triple renewable energy capacity by 2030, the coal ministry anticipates that India's demand for the polluting fuel will rise from about 1bn tonnes last year to ...
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 ...
In August 2012, the Comptroller and Auditor General of India released a report on the coal block allocations. CAG recommended that the allocation process should be made more transparent and objective, and done through competitive bidding.
All auctions of coal mines will be for sale of coal only No restriction on utilisation of coal Mineral Concession (Amendment) Rules, 2020, CM(SP) Amendment Rules, 2020 and Coal Block Allocation (Amendment) Rules, 2020 have been notified. National Coal Index implemented to create a transparent market based pricing mechanism.
MARCH 2012: COALGATE EXPLODES THE DRAFT REPORT OVERVIEW • • • • • • • • The CAG report is a performance audit focusing on the allocation of coal blocks and the performance of Coal India in the 200509 period. The Draft Report, stretching to 110 pages—far more detailed and containing more explosive allegations than the toned ...
2010. NIL. 2011. 02. Total. 204. Coal blocks allocated were of the coking as well as noncoking category both with quality of coal ranging from A to G grade. The category (grade) of coal in a block can be ascertained only after detailed exploration has been carried out. Further, a block may contain coal of more than one grade.
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. But many experts believe that it will lead to natural calamities, displacement, and pollution.
Methodology for fixing Upfront Payment and Reserve Price for Allotment of Coal Mines /Blocks for sale of coal to PSU's. Downloads File size : KB File type: PDF : 12012/01/2015CAIII dated : 08/01/2016 : 31 : Methodology for fixing Floor/Reserve Price for Auction and Allotment of Coal Mines /Blocks.
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.
More than half of India's commercial energy needs are met by coal. It is the main fuel for generating power and making steel and cement. The stateowned Coal India Limited (CIL) is the only agency ...
This is the official website of Coal Ministry, Government of India. You can find information related Tenders, Notices, latest updates pertaining to Ministry of Coal, Government of India. ... Coal Block Information; Vacancy; Tender; Public Information. Monthly Summary for Cabinet; ... Allocation TrancheWise; Compensation Orders; Termination ...
Need for Coal Gasification: Abundant indigenous Coal Source Source: GSI Coal Inventory 2020 2 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 Proved Indicated Inferred Total Coking Thermal Total Coal Resources in India (Million tons) • It is evident that India has huge reserves of coal, it would be beneficial for India if it ...
6 coal blocks were in a process to start production out of which 5 coal blocks were cancelled. 2015 Bill. As a lot of concerns were raised due to a number of cancellations which further resulted in shortage of power. Thus, the bill provided following details related to allocation of coal blocks:
Total recall: What the coal blocks cases are about. In the early 1990s, the government decided to allocate to private companies coal blocks that were not part of the production plan of the public sector Coal India Ltd and the Singareni Collieries Company Limited (SCCL). A list of 143 coal blocks was prepared initially and inflated to 216 later.
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 ...
uniformity in provisions of all the 3 Acts governing coal block allocation. The Act permitted auction of coal mines for commercial mining by private entities. The ... Out of 38 blocks, the auction process was successfully completed for 19 blocks in November 2020. The ... As the world plans to phase out coal consumption, India had two alternatives:
Auction/Allotment. Coal mining in India has been metamorphosed as far as the policy framework is concerned. From an earlier restrictive model, we have moved on to granting coal mining blocks pursuant to a competitive bidding process, and from prescribing specific enduse to permitting commercial sale of coal. The auctionbased regime introduced ...
List of Coal Mines for Auction Mine Summary of Coal Mines Notifications/Notices Timelines Result. Standard Tender Documents Standard CMDPA Response to Queries Corrigendum Addendum Standard Vesting Order. ARCHIVES. Commercial Mining in India. Best viewed in Internet Explorer (v9+)
Coal allocation scam (or Coalgate) is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private a draft report issued in March 2014, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period ...
The coal blocks allocation cases are among the CBI's longest running probes, with the agency last registering a fresh FIR in the case in January 2020. ... government decided to allocate such coal blocks to private companies that were not part of the production plan of PSUs Coal India Ltd and Singareni Collieries Company Limited (SCCL ...
commercial auction of coal blocks is a sine qua non for the country. Moreover, coal needs for the development of the country are increasing rapidly. As per the Draft National Energy Policy of Niti Aayog, the demand for coal is expected to rise in the range of billion tonnes by 2030. Coal India Limited and
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 ...
12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] NOW, THEREFORE, in exercise of the powers conferred by subsection (1) of section 13 and clause ... These rules may be called the Coal Blocks Allocation Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. ... Allocation process.— (1 ...
© DZCrusher - كل الحقوق محفوظة
