Allocation of Coal Blocks and Augmentation of Coal production by Coal India Limited. *Anaeeeeeeeeeeeeee. Report of the. Comptroller and Auditor General of. CAG Report on Coal Block Allocation Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. CAG Report on Coal Block. 17 Aug The Comptroller and Auditor General (CAG) released a performance audit of Allocation of Coal Blocks and The report states that the.
|Published (Last):||16 November 2010|
|PDF File Size:||16.38 Mb|
|ePub File Size:||12.39 Mb|
|Price:||Free* [*Free Regsitration Required]|
What is coal scam? | The Indian Express
Retrieved 6 September The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year There was no transparency in the allocation process and the exchequer did not get any revenue rsport allocation of the blocks.
The number of missing files was initially pegged at — the number of applications for coal blocks allocation. According to a draft prepared by the government, the company that offers to pay the highest amount of royalty will be declared winner.
Manmohan Singh and Birla [Order — 01 April ]”.
CAG says bidding process was vitiated by allowing Reliance Power to use excess coal from three blocks allocated to Sasan project.
NewsApp Free Read news as it happens Available on. Please help by editing the article to make improvements to the overall structure.
Indian coal allocation scam
Since, under the current dispensation, the allocation of coal blocks is purely administrative in nature, it reoort felt that the process of auction through competitive bidding can also be done through such administrative arrangements.
Moreover, as the coal blocks were allocated to private companies only for captive purposes for specified end-uses, it would not be appropriate to link the allocated blocks to the price of coal set by CIL.
This premise of the CAG is flawed. A report by the Comptroller and Auditor General of India showed inefficient and possibly coql allocation of coal blocks between and On 13 March Supreme Court bench responded to rare display of divergence between center and premier investigation agency CBI by asking its director not to share details of coal block scam investigations with political executives and report only to the court.
Indian coal allocation scam – Wikipedia
It further ordered the CBI DIRECTOR to file an affidavit by wllocation April stating that probe status report filed before it had been vetted by him and its contents were not shared with the political masters and “the same arrangement shall follow in future”. Learn how and when to remove these template messages. Retrieved from ” https: If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. This article needs attention from an wllocation in Indian politics.
CAG report on allocation of coal blocks and augmentation of coal production
Please help improve it or discuss these issues on the talk page. Every delay will lend them the contention of equity. Retrieved 7 September The bloxk auditor said that “pursuant to clarification provided by the Ministry of Coal in exit conferences held on February 9, and March 3,we have changed our thinking”.
Australia bowled out for runs in must-win ODI 9 mins ago. The agency has filed 14 FIRs and two preliminary enquiries so far in this connection. In its reply, the Coal Ministry said in June that there was a substantial difference between the price of coal supplied by Coal India Ltd CIL and the cost of coal produced through coal blocks allocated for captive mining and as such there was windfall gains to the allocattees, part of which the government wanted to tap through competitive bidding.
The reason why the CVC can interfere is because of this administrative control. Govt lost Rs According to a media report, the CAG’s draft report said that the government benefited private and public sector companies by allocating them coal blocks without auction between The resulting list, a veritable Who’s Who of Indian commerce, ensured that the topic of coal allocations would be one of the most written about stories of One of these blocks was awarded to Jindal.
A report of the parliamentary standing committee said that the allocation of blocks between and had been unauthorised. The central point of the CAG report that showed improper allocation was that the government had the authority to allocate the coal blocks.
Login Register Follow on Twitter Search. It’s been two whole years, but the hurt and heartburn caused by Modi’s note ban still seem blocck raw.
No other government in India has been criticized in such words. He expressed optimism that the guidelines on coal blocks auction would be ready in two to four months.
Jaiswal, alloccation, said that the UPA-I started the practice of awarded coal blocks through advertisements, discontinuing the earlier practice. Naveen Jindal’s Jindal Steel and Power was the company which was allotted the Talcher coal field in Angul in Orissa inwell after the self-imposed cut off date by the Centre on allocation of coal blocks. The reserves it controls are more than the combined reserves held by much larger companies — Gujarat Ambuja and Lafarge.
Norm violated by government to favour Naveen Jindal”. Out this coal blocks, 29 have started production.