WEBSep 24, 2014 · Supreme Court cancels alloion of 214 coal blocks allotted since 1993. Moneylife Digital Team 24 September 2014. 2. Array. While quashing alloion of 214 coal blocks allotted since 1993, the apex court granted six months 'breathing time' to companies whose 42 blocks were cancelled, to wind up business.
WEBSep 21, 2020 · The Coal Block Alloion Rules, 2017 were also enacted to pave the way for competitive bidding of coal blocks. As recently as June 2020, the Central government initiated auction of 41 coal blocks leading to an investment potential of Rs. 33,000 crore of capital investments over the coming years apart from allowing hundred percent foreign ...
WEBMay 23, 2017 · Jindal is also facing trial in a case pertaining to the alloion of Amarkonda Murgadangal coal block in Jharkhand. This is published unedited from the IANS feed. Also Read:
WEBCoal is one of the most widely used Nonrenewable natural resources. In India, its inefficient alloion raised serious questions. The political stir surrounding the coal scam underlined the problems of inefficient system of alloion of coal blocks. The process of assigning mineral rights by awarding coal blocks on case to case basis through ...
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.
WEBIn 2014, the Hon'ble Supreme Court of India cancelled 204 coal mine/blocks which had been alloed to the various Government and private Companies since 1993 under the provisions of Coal Mines (Nationalization) Act, 1973. In 2015, the Central Government brought in Coal Mines (Special Provisions) Act to realloe these coal blocks.
WEBAug 18, 2013 · June 2012: The Central Vigilance Commission asks CBI to inquire into the coal block alloion process between 200609. CBI files Preliminary Enquiry . September 2012: Expanding the scope of the investigation,the CBI widens probe into alleged irregularities in alloion of coal blocks between 1993 and 2004.
WEBDec 29, 2023 · With coal production in India expected to nearly double in the next seven years, the Rail Sea Rail as an alternative mode of transportation, becomes crucial for efficient Coal evacuation to consumption centres in India, ensuring a seamless and uninterrupted power supply. 4. COAL BLOCK ALLOCATION.
WEBAug 26, 2014 · India News: The Supreme Court on Monday declared all coal block alloions since July 1993 as illegal in a decision that casts a shadow over investments worth th
WEBThe Standing Committee on Coal and Steel submitted its 31st report on the "Review of Allotment, Development and Performance of Coal/Lignite Blocks" on April 23, 2013. The Committee dealt with the functioning of the Screening Committee, guidelines on alloion of coal blocks, the monitoring mechanism and the review of the coal blocks .
WEBFeb 7, 2023 · The coal block alloion scam, also known as the "Coalgate" scam, involved the alloion of coal blocks to private companies without a transparent bidding process. The alloion was done at below market prices, leading to huge losses for the government. The scam was uncovered in 2012 and led to the resignation of several high .
WEBMar 6, 2015 · The floor price for the block was Rs 725 a tonne. Abhijeet Infrastructure Ltd was the former owner of the block. Last September, the Supreme Court cancelled 205 coal block alloions between 1994 and 2010 because of various irregularities in the alloion process. Mandakini in Odisha is the other block on offer.
WEBJan 16, 2014 · 16 months of arguments later, SC holds back coal blocks alloion verdict (PTI) A threejudge bench headed by Justice R M Lodha, which had agreed to look into the alleged irregularities in coal block alloion on September 14, 2012, wrapped up the proceedings which witnessed the Centre itself putting in motion the process of de .
WEBJul 8, 2020 · 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 alloion of coal blocks to the competing companies, that lacked the proper procedure of auctions through which the highest bidder could get the block.
WEBMar 19, 2018 · The Supreme Court had last year in September scrapped all but four of 218 coal blocks alloed by the government over the past two decades, in a tougherthanexpected ruling that sank shares of companies that have invested heavily in projects around the concessions.
WEBA. GUIDELINES. for alloion 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 appliion shall be accompanied by the following in addition to any other relevant documentation that the applicant may submit:
WEBSep 30, 2015 · In view of this and pursuant to the recent judgment of the Supreme Court on cancellation of coal mines alloions, a major overhaul of the alloion process prescribed under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) was long overdue to ensure mine alloion and monetization of minerals in the .
WEBCoal Blocks Alloion Rules, 2017 Related Act Details. Act Short Title: The Mines and Minerals (Development and Regulation) Act, 1957 ... the terms, conditions and process of auction by competitive bidding and allotment in respect of coal or lignite; ... New Delhi .
WEBJun 17, 2019 · Coal India Limited has set up Regional Sales Offices and SubSales Offices at selected places in the country to er to the needs of the consuming sectors in various regions. ... Alloion process was arbitrary, discretionary and nontransparent. ... The CCEA approved the methodology for auction of coal mines/ blocks for sale of the .
WEBSep 23, 2014 · The Coalgate Scam was unearthed by the CAG report on alloions of coal blocks. CAG report alleged that a loss of Rs. lakh crore was caused to the exchequer because of a nontransparent and discretionary alloion process. The beneficiaries of the scam are private players who have made windfall gains and have .
WEBFeb 10, 2023 · The government of India in the coal block case was questioned for going beyond their powers as given by the statutes which govern the coal and natural resources mining in India. The government wrongly took initiative of alloion of coal blocks without any auction. ... The whole process of alloion of coal blocks has been a huge .
WEBOct 10, 2023 · Coal mining in India. India is rich in ancient coal fields like Gondwana coalfields (250 million years old) and tertiary coalfields (1560 million years old). Coal mining was started during the rule of the East India Company in 1774 in the Raniganj coalfield along the western bank of the Damodar river. To increase coal production, the .
WEBOct 6, 2016 · Under the "coal block alloion" scheme a "Screening Committee" was established (under an Office Memorandum of 1993, that was reconstituted through a similar Office Memorandum in the years 2000, 2003 and 2005) that identified eligible entities to be awarded coal blocks that were preidentified by Coal India Limited for being available ...
WEBFurther, though the Government of India (GOI) has notified certain sectors which may undertake captive mining of coal, the process of alloion of coal mines should be objective and transparent.
WEBApr 16, 2013 · The coal alloion scam involved the inefficient alloion of India's coal deposits to public and private companies by the government between . Around 194 coal blocks were alloed without an open auction process, resulting in potential losses of over 33 billion to the Indian exchequer.
WEBAug 25, 2014 · In what is bound to overhaul the entire process of mining of the mineral, which the court described as "black diamond" and "extremely important element in the industrial life of developing India", a threejudge bench ruled that the whimsical and nontransparent procedure of alloion had resulted in "unfair distribution of the national .
WEBSep 24, 2013 · The Comptroller and Auditor General said in a report that alloion of coal blocks between 2004 and 2009 without auction resulted in "undue benefits" worth Rs lakh crore to private entities.
WEBMar 21, 2024 · Coal scam: Delhi court allows Naveen Jindal to travel abroad from Feb 120. The judge noted that out of three matters, in only one matter being probed by the CBI the prosecution evidence was being recorded and the accused has "already undertaken that he will not dispute his identity and will not question the legitimacy of proceedings conducted .
© DZCrusher - كل الحقوق محفوظة
