India has started the process of auctioning some blocks of critical and strategic minerals that are crucial for the nation's push to speed up energy transition and boost electric vehicle ...
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 ...
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:
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. In 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 ...
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 ...
India: South African thermal coal portside prices remain largely stable wow
Coal Block Allocation (Amendment) Rules 2020 have been notified ... •Out of 38 blocks, the auction process successfully completed for 19 blocks in November 2020 ... into India is situated in or is a citizen of any such country A company or a joint venture company formed
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:
The notification empowers the Government to enter upon and survey any land in the locality, dig or bore into the sub soil and do all other acts necessary to prospect for coal in the land. [Section 4] In case of any damage done to the land in pursuance of the above activities, appropriate compensation shall be paid.
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 ...
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.
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 ...
process of allotment of coal blocks / coal linkages for thermal power projects, Ministry of Power has been issuing necessary communications from time to time. The communication dated 24th March, 2006 (/2003IPC) provided for the following priority in the matter of coal blocks/coal linkage allocation. i.
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
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 ...
Follow Us. The Coal Ministry expects operationalisation of 58 coal blocks in 202223 and has set target of million ton coal production, an official statement said on Friday. "The Ministry of Coal has allocated coal blocks for captive end use and sale of coal/ commercial mining. million tonnes of coal has been produced in FY 202122 ...
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.
The Congress party on Tuesday said that the Narendra Modi government reversed the longstanding policy of competitive auction for coal block allocation and gave away lucrative fields to the Adani Group. Congress general secretary Jairam Ramesh said in a statement that the group has been allotted coal blocks even when it has been the sole bidder ...
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 ...
Introduction: The Centre launched the auction of 41 coal blocks for commercial mining, with the Prime Minister formally giving the green signal and expressed optimism that it will help in reducing dependency on imports. The move is aimed at reviving the auction process, which has remained in limbo with only 31 coal blocks having . Continue reading "RSTV: THE BIG PICTURE INDIA'S COAL ...
June 2012: Coal ministry forms an interministerial panel to review the process of allocation of blocks and to decide either on deallocations or forfeiture of bank guarantees. The government has ...
Vinod Rai (2014) details the manner in which a politicised allocation process came into being and subverted the preexisting policy process. The salient features of the coal block allocation episode are as follows. Before the reforms, Coal India Limited (CIL) a public sector firm, held monopoly over coal production, as per the Coal Mines ...
Allocation of earmarked land for development of pithead surface coal gasification projects for both 2 public and private sector players Policy for Methanol blending program (M15, M85 M100), differential pricing for M15 blend,
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