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.
WEBNov 23, 2017 · 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.
WEBSep 24, 2014 · The apex court had on August 25 held that all coal blocks alloion since 1993 by various regimes at the Centre have been made illegally and arbitrarily. The apex court, which had used almost all ...
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.
WEBCoal blocks alloion arbitrary, says parliamentary panel Wants probe into screening committees' decisionmaking process April 23, 2013 03:18 pm | Updated November 17, 2021 04:37 am IST New Delhi
WEBMar 10, 2015 · The entire process of alloion 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 alloion of a coal block by the Central Government confers the power on .
WEBChapter 2 – Audit Framework. ( ) Download. Chapter 3 Augmentation of Coal Production. ( ) Download. Chapter 4 Alloion of Captive Coal Blocks. ( ) Download. Chapter 5 Production Performance of Captive Coal Blocks. ( ) Download. Chapter 6 Conclusion and Recommendations.
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 .
WEBUnion of India Section Section 3 in Coal Blocks Alloion Rules, 2017 3. Alloion process. In connection with the alloion of coal blocks the Central Government shall identify the coal blocks for alloion as per the standard technical parameters; specify the manner of alloion through (i) auction; or (ii) allotment to Government Company or .
WEBThe coal alloion scam, dubbed in the media as Coalgate, is a major political scandal concerning the Indian government's alloion of the nation's coal deposits to public sector enterprise (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 .
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 ...
WEBUnion of India Section Section 5 in Coal Blocks Alloion Rules, 2017 5. Auction. In respect of coal blocks, for which the Central Government has specified auction under clause (b) of subrule (1) of rule 3, the Central Government shall prepare a document for the auction process, that is, the tender document.
WEBAlloion process. (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; ... The process of auction of coal blocks shall be conducted through electronic auction, in accordance with the Act, these rules, the tender document and ...
WEBAug 20, 2012 · It is true that the process adopted post2004 was better than the practices followed during 1993 and 2004, when 60 blocks were doled out without any nonperformance clause or earnest money.
WEBFeb 15, 2015 · Gautam Adanipromoted Adani Power has joined the race for coal block realloion with all its might. Adani Power has made 11 bids for six of a total 19 blocks being auctioned under the second phase of the coal block alloion process. These blocks belong to ScheduleIII, abouttoproduce mines without any associated enduse .
WEBApr 25, 2024 · A judgment came in 2014, which canceled the alloion of 214 coal blocks, terming the process "arbitrary and illegal." This decision necessitated a shift towards a more transparent coal block ...
WEBNew Delhi, Nov 7 (PTI) The Congress alleged on Tuesday that the Narendra Modi government reversed the longstanding policy of competitive auction for coal block alloion and gave away lucrative ...
WEBAug 16, 2018 · All the accused have denied the allegations levelled against them and said there was no evidence to show that there was any conspiracy during the coal block alloion process. The CBI has filed another charge sheet against Jindal and others, including Goel and Maroo, for allegedly cheating the government by misrepresenting .
WEBMar 8, 2021 · Thus, the only Act governing mineral concessions including coal is MM(DR) Act, 1957, but there is huge disparity in the eligibility criteria for auction of noncoal blocks and coal blocks. Under the Coal Mines Special Provisions Act 2015 Subrule 5(e) of Rule 5 of the Coal blocks Alloion Rules, 2017, the capacity of the specified enduse ...
WEBNov 10, 2014 · Coal block alloion: 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 ...
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. ...
WEBNov 7, 2023 · The process is about to be rerun for another coal block in Madhya Pradesh for which Adani was the only bidder. These deposits of coal underlie swathes of forest that are the homelands of tribal indigenous peoples. The alloion of coal blocks to a single bidder was described by Shreegireesh Jalihal for the Reporters' Collective on 11 October ...
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