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 ...
For India, coal is here to stay for the near future. At the same time, India is pursuing renewable energy, with a new pledge at COP26 to install 500 gigawatts of renewable power capacity by 2030 ...
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.
It has been a decade since the country was engulfed by the coal allocation scandal. A 2012 report by the Comptroller and Auditor General (CAG) declared that the Coal Ministry's failure to adopt competitive auctions for coal blocks led to gains worth ₹ lakh crore for private actors. The public discourse rapidly degenerated into treating this entire sum as a loss to the exchequer.
Introduction Coal is the most important and abundant fossil fuel in India. It accounts for 55% of the country's energy needs. The country's industrial heritage was built upon indigenous coal. Commercial primary energy consumption in India has grown by about 700% in the last four decades.
India's significant coalfields include the Raniganj coalfield in West Bengal, the Jharia coalfield in Jharkhand, and the Singrauli coalfield in Madhya Pradesh and Uttar Pradesh. The coalfields in India are significant sources of employment and income for people living in these areas. Major coalfields in India and their characteristics
New Delhi: In a significant move towards coal sector reform, the ministry of coal has announced an amendment to the SHAKTI Policy (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India), allowing power plants, including private generators without Power Purchase Agreements (PPAs), to be granted coal linkage for a minimum of three months and up to a maximum of one year.
[Section 9A] After taking into consideration the report, if any, the Central Government shall make a declaration with respect to acquisition of the land. Such declaration must be made within three years of the notification, and shall be published in the Official Gazette.
Prime Minister Narendra Modi coal mining leases was finalised and approved by the government in February 2018. Since Coal India Limited's production is unable to meet the demand of noncaptive industry requirement of coal, there has been a surge in import of coal.
India Resources, Power, Economy: Although India possesses a wide range of minerals and other natural resources, its per capita endowment of such critical resources as cultivable land, water, timber, and known petroleum reserves is relatively low. Nevertheless, the diversity of resources, especially of minerals, exceeds that of all but a few countries and gives India a distinct advantage in ...
It is a process in which coal is partially oxidised with air, oxygen, steam or carbon dioxide to form a fuel gas. This gas is then used instead of piped natural gas, methane and others for deriving energy. India has a reserve of 307 Billion tonnes of thermal coal and about 80% of coal produced is used in thermal power plants.
Coal block allocation: 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 ...
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocation mean for the country's economy going ahead?
Advertisement. The CAG in its final report earlier this week said private firms are likely to rake in Rs lakh crore from allocation of 57 coal blocks without competitive bidding between 2005 and 2009. Coal minister Sriprakash Jaiswal in his statements to the press purported gains accruing to the companies was unviable: We do not agree with ...
4. FIRMS ELIGIBLE FOR A COAL ALLOCATION • Historically, the economy of India could be characterized as broadly socialist, with the government directing large sectors of the economy through a series of Fiveyear Plans. • In keeping with this centralized approach, between 1972 and 1976, India nationalized its coal mining industry, with the stateowned companies Coal India limited(CIL) and ...
India has a significant history of coal dating back to 220 years, wherein the production, allocation and usage of coal started with introduction of locomotives.
coal block allocation Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. coal block allocation Blogs, Comments and Archive News on ... Coal India's shares declined almost 5% following India's government's announcement to sell a 3% stake in the company through the offer for sale (OFS) route ...
In comparison Coal India produced 462 million tons of coal. Some Indian companies and also CIL have acquired coalmines overseas to ensure continuous supply. Procedure established till now in Coal Mining ... Allocation process was arbitrary, discretionary and nontransparent.
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 allocation of coal blocks without any auction. ... The whole process of allocation of coal blocks has been a huge example of ...
commissioned by Coal India in 2017, domestic coal demand was estimated to be 1,300 1,900 MTPA by 2030. Transportation of such high coal volume and creating ... planned as part of the mine allocation process. Coal Logistic Policy 2022 Page 5 b. Arrangements of relevant business models need to be encouraged for the
A list of 143 coal blocks was prepared initially and inflated to 216 later. At that time, there were no concrete guidelines for allocation of coal blocks as coal mining was largely restricted to PSUs and many geographic locations were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003.
the year 2022 (up to November, 22), all India Coal production (CIL, SCCL Captive mines) is MT (Provisional) and Coal off take is MT (Provisional). Coal dispatch to Power Sector is MT (Provisional). the year 2022 (up to November, 22), EAuction by CIL and SCCL is MT.
to allocate coal blocks by a process of competitive bidding, but chose not to. Windfall gain of rupees 185,591 crores (US Billion) FIRMS ELIGIBLE FOR A COAL ALLOCATION. Nationalisation of coal mining industry between 1972 and 1976. Coal. India. Limited (CIL) and. Singareni. Collieries. Company (SCCL) responsible for coal production
• Coal allocation scam 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 accused the Government of India of allocating coal blocks in an ...
The coal allocation scam, popularly known as 'Coalgate' in media. It is a political scandal that was surrounded by the UPA govt. in 2012. As we all know India is a country rich of minerals, spices, and so does has a huge deposits of coal. There are many blocks of coal in India which is under government control.
The legal framework for allocation of cancelled coal blocks was provided through the Coal Mines (Special Provisions) Act, 2015 (preceded by the two Ordinances in October 2014 and ... also provided for fixation of a ceiling price for power sector coal mines, which was to be Coal India Limited (CIL) notified price for the equivalent grade of coal ...
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 and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India office accused the Government of India of allocating coal blocks in an inefficient manner during the ...
Coal Allocation: The full story Coal mines in India are being opened for commercial mining for the very first time. While launching the auction process, the Prime Minister said coal mining will pave the way for development in the tribaldominated areas. But many experts believe that it will lead to natural calamities, displacement, and pollution
Main features of the Policy Guidelines are as follows: Only the following types of lands will be considered: Lands which are no longer suitable or economically viable for coal mining activities; or Lands from which coal has been mined out / decoaled and such land has been reclaimed.
2. About 194 blocks were allocated to private establishments in this manner. 3. This political scam took centrestage when the Comptroller and Auditor General (CAG) of India report in 2012 highlighted that the failure to auction 194 coal blocks amounted to huge losses to the Indian government. 4.
However, the process would need further deliberations as residents of over 50 districts, across 13 states in India are reliant to a varying degree on the coalbased activities to earn a livelihood ...
![[Indepth] [Updated] Coal Sector in India IAS EXPRESS](/7e5l46j/304.jpg)
This will standardise the process and address the discretionary nature of the process. Online Coal Clearance System: Developed by the coal ministry to enable easier submission and clearance of applications to the ministry. CAMS: Coal Allocation Monitoring System. It is to monitor the allocation process and improve transparency.
2. INTRODUCTION • Coal allocation scam or Coalgate, 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 accused the Government of India of allocating coal blocks in an inefficient manner during ...
Recently announced Reforms in Coal Sector. Commercial mining of coal allowed, with 41 blocks to be offered to the private sector. The coal mines being auctioned are located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra and Odisha. They include partially and fully explored mines. Simplified the process of the mining plan approval ...
In a nutshell, the coal allocation scam, or 'Coalgate' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012. The scam came to light after the Comptroller and Auditor General of India (CAG) accused the government of India for allocating 194 coal blocks to public and private enterprises ...
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