WEBAug 22, 2013, 21:39 PM IST. Mumbai: Congress on Thursday said the figures of loss to the exchequer in the 2G spectrum and coal block alloion scams were "humbug". "It is humbug...The figures were nothing. We believe it`s absolutely wrong," AICC spokesperson Sanjay Jha said in an interactive session on `A Defining Decade: Why India`s Growth is ...
WEBJan 19, 2018 · The panel will also suggest changes in the future coal block bid process in its report to be submitted within a month. Benchmarks . Nifty 22, Precious Metal . ... coal blocks Piyush Goyal Union Bank of India coal blocks alloion SBI (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live .
WEBFeb 19, 2015 · READ LATER. The Central Bureau of Investigation (CBI) on Thursday submitted before a Delhi court the final report on the investigation into a coal block alloion scam case in which Aditya Birla ...
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 .
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.
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 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.
WEBSep 24, 2013 · "The process of bidding of coal blocks will be started very soon. The government has fulfilled its commitment to bring transparency in the alloion of coal blocks," coal minister Sriprakash ...
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:
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.
WEBNov 9, 2023 · New Delhi: The coal ministry on Wednesday clarified that postcancellation of 204 blocks in the year 2014, the mines are being put on auction via a "transparent" mechanism. The clarifiion comes a day after Congress alleged that the Narendra Modi government reversed the longstanding policy of competitive auction for coal block .
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 ...
WEBMar 28, 2018 · ED attaches assets worth Rs 603 crore belonging to Vandana Vidyut Ltd. The move by agency was in connection with a coal block alloion case. ED alleged that directors of the firm destroyed forged sale documents. In a crucial development, the Enforcement Directorate today attached assets including factory building, plant and .
WEBThis 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. ... Public Notice Seeking Comments on Draft Coal Blocks Alloion Rules Proposed to be Notified under the Mines and Minerals (Development and Regulation) .
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 ...
WEBSep 3, 2012 · The CAG report also pointed out how mindless alloion of coal blocks to private companies caused huge losses to public sector company Coal India Limited (CIL). The guidelines for alloion 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 .
WEBMar 8, 2021 · The MMDR Act regulates the overall Mining Sector in India. The Coal Mines (Special Provisions) (CMSP) Act provides for the auction and alloion of mines whose alloion was cancelled by the Supreme Court in 2014. The Mineral Laws (Amendment) Bill, 2020, was introduced in Lok Sabha on 2 March 2020.
WEBJan 19, 2018 · New Delhi: The government has allotted 11 large coal blocks to three subsidiaries of Coal India Ltd to raise the production by 225 million tonnes per annum by 2022, coal minister Piyush Goyal said on Friday. Of these, five blocks were dealloed by the Supreme Court in 2014 and six are fresh blocks identified by the coal ministry for .
WEBAuction/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 .
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 .
WEBJul 12, 2022 · Corruption had deepened its roots in this area for decades, the government led by Shri Narendra Modi has uprooted corruption in this area. Between 2015 and 2020, 10 auction chains were conducted, 35 coal blocks were successfully auctioned. A total of 85 blocks were allotted with a production capacity of 440 million tonnes.
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 .
WEB1. 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 alloion under rule 3 (2) of the Coal Blocks ...
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 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
WEBMay 17, 2022 · A list of 143 coal blocks was prepared initially and inflated to 216 later. At that time, there were no concrete guidelines for alloion of coal blocks as coal mining was largely restricted to PSUs and many geographic loions were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003.
WEBYou can find information related Tenders, Notices, latest updates pertaining to Ministry of Coal, Government of India. भारत सरकार; Government Of India; Skip Main Content ... Laxmi Nagar, on 30 July, 2007 in Shastri Bhawan and on 13 September, 2007 in Shastri Bhawan, New Delhi to consider alloion of Coal Blocks earmarked for ...
WEBFeb 20, 2020 · Brief facts: The Coal Alloion Scam, Or 'Coalgate' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012.; In March 2012, a draft report of CAG accused the government of "inefficient" alloion of coal blocks between 2004 and 2009 and estimated the windfall gains to allottees at Rs .
WEBJun 18, 2020 · The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for alloion of the coal mines. Speaking on the occasion, Shri Narendra Modi said that India will overcome the COVID 19 Pandemic and the nation will turn this crisis into an .
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.
WEBNov 3, 2015 · In a March 2012 draft report, the CAG accused Government of India of alloing coal blocks in inefficient manner during period. The basic argument of CBI was that the government chose to NOT to alloe the coal blocks by process of competitive bidding. Coal blocks were given free resulting in the blockowners making .
WEBJul 6, 2020 · Does India import coal? India imports around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore. The 41 mines opened for auction now can hit a peak production of 225 mt in 202526, saving foreign exchange. A High Powered Expert Committee (2017) recommended a shift from the alloion of coal blocks for own .
WEBBirla has been booked as the representative of Aditya Birla Group and his group company Hindalco, an aluminium maker, for alleged corruption in the alloion of two coal blocks in Talabira in ...
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