The coal ministry on Wednesday clarified that postcancellation of 204 blocks in the year 2014, the mines are being put on auction via a ''transparent'' mechanism. The clarification comes a day after Congress alleged that the Narendra Modi government reversed the longstanding policy of competitive auction for coal block allocation and gave ...
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• 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 ...
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It is ironic that two of the biggest defaulters in the SDR scheme are also involved in this coal block allocation case, but because of the deaths, they have escaped the dragnet. ... It is to the BJP's credit that it decided to auction these disputed coal mines through a fair and transparent process. But only a series of convictions will act ...
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The Managing Coal Mine Closure report was prepared using the Energy and Extractives Global Engagement budget for US250,000 / year for two years. The Energy Sector Management Assistance Program (ESMAP) is supporting the Global Platform for Just Transition with an initial focus on the Europe and Central Asia (ECA) region with US725,000 and a ...
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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.
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"coal block" means an area containing coal which has been identified in accordance with clause (a) of subrule (1) of rule 3; "coal linkage" means a contract entered between coal producing Government company or corporation and consumer for supply of coal in accordance with the terms and conditions of the relevant fuel supply agreement;
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All auctions of coal mines will be for sale of coal only No restriction on utilisation of coal Mineral Concession (Amendment) Rules, 2020, CM(SP) Amendment Rules, 2020 and Coal Block Allocation (Amendment) Rules, 2020 have been notified. National Coal Index implemented to create a transparent market based pricing mechanism.
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Since 1993,allocation of captive coal blocks was being done on the basis of recommendations made by an interMinisterial Screening Committee which also had representatives of State governments. Taking into account the increasing number of applicants for coal block allocation,the Government,in 2003,evolved a consolidated set of guidelines to ...
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Coal Block Allocation Latest breaking news, pictures, photos and Video News. Find Coal Block Allocation news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. ... CBI court orders further probe into Jharia coal blocks bidding process. January 08, 2023 7:01 am. In its reply, the CBI acknowledged that as per ...
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The entire process of allocation and allotment will be regulated by a 'nominated authority' appointed by the central government. Once the allotment is completed, following rights and licenses will vest in the allottee: ... As has been stated above, the allocation of a coal block by the Central Government confers the power on the allottee to ...
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The process of coal block allocation in India involved the government allocating coal reserves to public sector companies and private firms for coal mining and other commercial purposes. The Comptroller and Auditor General (CAG) of India conducted an audit and found that the process lacked transparency and had been manipulated to favor certain ...
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Coal blocks: SC rejects private miners' plea. In its 27page order cancelling the allocation of 214 coal blocks on Wednesday, a threejudge Bench headed by Chief Justice of India Lodha ...
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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 ...
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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 some respects subjective.
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3. Allocation process. 4. Block Dossier. 5. Auction. 6. Allotment. 7. Allotment on the basis of tariff based competitive bidding for power projects. 8. Procedure after declaration of successful bidder or successful allottee. 9. Reauction and reallotment. 10. Arrangements for optimal utilisation of coal blocks. 11.
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At the outset, Vahanvati said deallocation process for the coal block allocation made between has been put on motion and the private parties to whom allocation has been made for 61 ...
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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 ...
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COAL BLOCK ALLOCATION. Mines and Minerals (Development and Regulation) Act, 1957 . ... Commercial coal block auctions are conducted in a twostage online bidding process, which involves technical screening and submission of competitive initial price offer in the first stage, and a second and final stage where better price offers are intended to ...
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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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Arbitrariness: Until 1993, there were no specific criteria for allocation of coal blocks. In 1993, a new process was started in which allocations were made on the recommendation of an "interministerial screening committee", headed by the coal secretary.
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•Auction process successfully completed for 28 coal blocks. 5 Second Attempt of Auction •Total 11 mines on offer 4 mines under Tranche 12 of CM(SP) Act 2015 and 7 ... an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017,
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New Delhi | Updated: October 19, 2020 12:38 IST Follow Us While there have been several convictions in the wide range of coal blocks cases, this is the first time that an NDA minister has been convicted.
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March 7, 2015 Earlier this week, Lok Sabha passed the Bill that provides for the allocation of coal mines that were cancelled by the Supreme Court last year. In light of this development, this post looks at the issues surrounding coal block allocations and what the 2015 Bill seeks to achieve.
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Now, the sector has been opened up for commercial coal mining by private players in 2020 and first ever successful auction of commercial mining was launched by the Hon'ble Prime Minister on and concluded with allocation of 19 coal mines. Commercial coal block auctions are conducted in a twostage online bidding process, which ...
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The Parliamentary Standing Committee report on coal blocks allocation was tabled in the Parliament last week. "The Committee observe that whole procedure adopted by the Government for distributing coal blocks betrays the confidence of the people of our country reposed in the Government. The Committee feel that entire decision making process for distribution of coal blocks needs investigation ...
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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 ...
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New Delhi: The coal ministry on Wednesday clarified that postcancellation of 204 blocks in the year 2014, the mines are being put on auction via a "transparent" mechanism. The clarification comes a day after Congress alleged 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.
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What the coal blocks cases are about? In the early 1990s, the government decided to allocate to private companies coal blocks and a list of companies was prepared. In March 2012, a leaked draft report of the Comptroller and Auditor General (CAG) revealed irregularities in the allocation and pegged the loss to the exchequer at Rs lakh crore.
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The Amendment Act seeks to provide for grant of reconnaissance permit, prospecting licence or mining lease in respect of an area containing coal and lignite through auction by competitive bidding, on such terms and conditions as may be prescribed. This, would however, not be applicable in the following cases:
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Chapter 2 The eAuction: Design and Process 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 December 2014), Coal Mines (Special Provisions) Rules, which were followed by issue of Standard Tender Document (STD).
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Chapter I Short Title and Commencement 1. Short title and commencement. (1) 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. 2. Definitions. (1) In these rules, unless the context otherwise requires,
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Now, the sector has been opened up for commercial coal mining by private players in 2020 and first ever successful auction of commercial mining was launched by the Hon'ble Prime Minister on and concluded with allocation of 19 coal mines. Read More 1 2 3 4 5 6 7 ›› Last » This is the official website of Coal Ministry, Government of India.
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an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017, to permit FDI under automatic route in coal mining activities Press Note 3 of 2020, prescribing prior Government approval if FDI is by an entity from a country which shares
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Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal blocks, the government quickly brought in legislation and began the process of their reallocation.
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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:
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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