One such fraud was the Coalgate scandal, in which the UPA government was accused of assigning coal blocks without a competitive bidding procedure. ... Act of 1973 would allow domestic and international enterprises to participate in the coal block allocation case process. The revised legislation, which would make auctions mandatory for the ...
The recovery of top coal in the caving face directly impacts the efficiency of mining coal resources. The geological conditions and mining parameters are well known to be significant influences on the recovery of top coal. This study focused on the 9301 working face, which is located in a thick coal seam with a large dip angle. The influences of the coal seam's dip angle, mining ...
Indian coal allocation scam. Coal allocation scam or Coalgate as referred by the media, is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office ...
Coal is pivotal in the power generation plant and accounts for about % of the share of the global power mix [].In power generation, compared to the Rankine cyclebased steam turbine, the Brayton cyclebased gas turbine with rapid response shows better performance [].Moreover, the hightemperature exhaust produced from the gas turbine can be fed into a heat recovery steam generator (HRSG ...
The potential for CO 2 storage in coal seams is lower compared to saline formations, as well as oil and gas fields, but it has the advantage of being economically attractive due to the possibility ...
2. Process for asset evaluation and selection 3. Management of proceeds 4. Reporting. Use of proceeds Allocation of proceeds CBA will allocate an amount equivalent to the net proceeds of the Sustainable Funding Instruments issued under this Framework towards financing or refinancing, in whole or in part, the following new
Detecting fraud is the first step in identifying where the risk lies. You can then prevent it automatically or manually using fraud detection software, RiskOps tools, and other risk management strategies. Beyond the technological tools put in place for prevention and detection, a holistic fraud program includes:
Program provides up to 20percentage point credit boost for projects in lowincome communities WASHINGTON —Today, the Department of the Treasury and Internal Revenue Service (IRS) issued final rules and procedural guidance for the LowIncome Communities Bonus Credit program under Section 48(e) of the Internal Revenue Code and announced the application process would open by early fall ...
the law. Generally, criminal actions for fraud do not afford fraud victims any direct remedy against their wrongdoers, but criminal actions are still relevant to professionals concerned with recovery. As we will discuss in Chapter 8, fraud victims sometimes can obtain compensation from convicted defendants through the criminal process.
The receipt or payment of amounts as a result of a settlement or judgment has tax consequences. The taxability, deductibility, and character of the payments generally depend on the origin of the claim and the identity of the responsible or harmed party, as reflected in the litigation documents. Certain deduction disallowances may apply.
Coal scam: The government formed panel has found faults with UPA government's coal allocation process.
A special CBI court on Monday awarded a 3year imprisonment sentence to former coal secretary HC Gupta in a coal scam case of irregularities in the allocation of a Maharashtra coal block to a Nagpurbased private company. Special Judge Arun Bhardwaj also awarded two year imprisonment to former jointSecretary in the Ministry of Coal (MoC), K S Kropha in the case and imposed a fine of Rs 50,000 ...
The qualifying advanced energy project credit is an investment credit originally enacted by the American Recovery and Reinvestment Act of 2009. The IRA renewed and expanded the credit under section 48C (e). The Internal Revenue Service and Department of Treasury issued Notice 202318 to establish the program and to provide initial guidance.
And the coal allocation scam is the biggest scam ever detected in the country as in this scam the country suffered a loss of lakh crores. Coalgate Coal allocation scam or coalgate is a major political scandal regarding the allocation of coal blocks to public sector entities and private companies, without competitive bidding .
The coal block allocation scam has taken a sensational turn with CBI registering a corruption case against Aditya Birla Group chief Kumar Mangalam Birla and former Coal Secretary P C Parekh in ...
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.
Coal waste in Pennsylvania. Coal refuse (also described as coal waste, rock, slag, coal tailings, waste material, rock bank, culm, boney, or gob) is the material left over from coal mining, usually as tailings piles or spoil tips. For every tonne of hard coal generated by mining, 400 kilograms of waste material remains, which includes some lost coal that is partially economically recoverable.
In a threedecadeold allotment of coal blocks for mining, the Central Bureau of Investigation (CBI) has registered a case against companies of the RPSanjiv Goenka group on charges of corruption, cheating and criminal conspiracy. It relates to the Deocha Pachami, Tara West, Mahan and South Dadhu coal blocks allotted in the period.
ET Bureau. DELHI: With the Supreme Court asking if the Centre even had the authority to allocate coal blocks, CoalGate is back in the news. Last year, when CoalGate was triggering much outrage in newspapers and TV studios, fundamental questions like these had entirely eluded the media's scrutiny. After a draft report by the Comptroller and ...
Determining the correct treatment of settlement and litigation award payments is a multistep process requiring the determination of the character of the payment and the nature of the claim that gave rise to it; whether the payment constitutes an item of gross income; if the payment relates to an employment claim, whether the payment is wages ...
The 2015 Bill primarily seeks to allocate the coal mines that were declared illegal by the Supreme Court. It provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ministry notified the Coal Mines (Special ...
Accelerating the fossil fuel asset stranding process. Recovery must take advantage of COVID19's 'push' force and permanently phase out fossil fuels, prioritize writingoff fossil fuel assets (as opposed to divestment, which merely reallocates (financial) assets to potentially more vulnerable countries), and simultaneously invest in ...
The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program authorized by the American Rescue Plan Act, delivers 350 billion to state, territorial, local, and Tribal governments across the country to support their response to and recovery from the COVID19 public health emergency. Program recipients with questions about reporting ...
Railways of the National Energy Group using their own trains have become an important mode of transportation for coaltooil hazardous chemicals. Under the circumstances of the shortage of emergency resources and the coupling of multiple disasters, how to establish an effective and reasonable emergency resource allocation scheme for the railway transportation of dangerous chemicals from a ...
Similarity of Task Completion Time. The task completion time similarity is calculated as follows: where is the time when the miner starts the task, is the time when miner ends task, is the start time of the task required by the system, is the end time of task required by the system, and indicates the difference of time. The degree of difference between users starting to perform sensing ...
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