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 ...
A. GUIDELINES. for allocation of coal blocks for captive mining for the specified end uses shall be made to the Director (CAI) in the Ministry of Coal in five copies. The application shall be accompanied by the following in addition to any other relevant documentation that the applicant may submit:
12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] NOW, THEREFORE, in exercise of the powers conferred by subsection (1) of section 13 and clause ... These rules may be called the Coal Blocks Allocation Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. ... Allocation process.— (1 ...
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 ...
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 ...
4 Steel Authority of India Ltd. 4 I Tasra Jharia Jharkhand G Steel cd wb 285 E 5 West Bengal Power Development Corporation Limited 5 I Tara (West) Ranigung West Bengal G Power cd wb E 6 Jindal Steel Power Ltd. 6 I GarePalmaIV/1 HasdoeArand Chhattisgarh P Sponge Iron cd ch 124 E
The revision to the Coal Mines (Nationalisation) 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 distribution of coal blocks after 2010, would leave no room for the administrative power to be biassed or ...
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 ...
The Coal Mines (Special Provisions) Act, 2015 is a legislative measure that is focused on the allocation of coal mines. The Act entails the transfer of the rights, ownership, and infrastructure associated with these mines, including mining leases, to successful bidders. The primary objective is to maintain uninterrupted coal mining activities ...
the coal block allocation process and it estimated windfall gains to allotters. The constitutionality of the coal block allocation was challenged before the Supreme Court in ML Sharma v. Union of India. In a landmark decision, the Court set aside the coal block allocations. This judgment has rekindled the debate on coal block allocations.
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:
commercial auction of coal blocks is a sine qua non for the country. Moreover, coal needs for the development of the country are increasing rapidly. As per the Draft National Energy Policy of Niti Aayog, the demand for coal is expected to rise in the range of billion tonnes by 2030. Coal India Limited and
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
Comptroller and Auditor General (CAG) of India estimated a loss of around Rs. Lakh crore to the exchequer due to misallocation of coal blocks. Lot of cases of corruption and negligence of responsibilities were reported. As a result the Supreme Court of India cancelled 204 of the coal block allocations considering them as arbitrary and illegal.
The Coal Blocks Allocation Rules, 2017 is to notify that the Ministru of Coal deferred indefinitely the fifth round of captive coal block auctions citing lack of demand from steelmakers, despite a request from the steel ministry to continue the bidding for interested firms. ... The process of auction of coal blocks shall be conducted through ...
The foregoing supports the following conclusions: • The allocation process prior to 2010 allowed some firms to obtain valuable coal blocks at a nominal expense • The eligible firms took up this option and obtained control of vast amounts of coal in the period 200509 • The criteria employed for awarding coal allocations were opaque and in ...
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 ...
Auction/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 introduced ...
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.
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
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 ...
Panem, for mining coal even from the forest areas of the Coal Block. 6. Till 2014, there was no problem. However, on 25th August 2014, this Court in the case of Manohar Lal SharmaI, held that the entire allocation of Coal Blocks made between 1993 and 2011, except those which were made through competitive
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,
The CAG report also pointed out how mindless allocation of coal blocks to private companies caused huge losses to public sector company Coal India Limited (CIL). The guidelines for allocation 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 avoid ...
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 ...
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.
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