ing preparations, timely emergency handling, and scientic postmortem recovery have greatly aected the loss degree and frequency of coal mine emergencies (Tong et al. 2015; Guo et al. 2020). Since the construction of a scientic evaluation index system for coal mine emergency rescue capability is the rst step to reduce coal mine safety acci
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Fraud, waste, or abuse can be related to the expenditure of state funds for: The General Appropriations Actexpenditures by state agencies, colleges, and universities or use of state grant money; The federal stimulus or American Recovery and Reinvestment Act; Hurricane Ike
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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 ...
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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 .
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The Coal Allocation scam or the Coalgate scam is a scandal that took place during the UPA government tenure. It came into reckoning in 2012 after the then Comptroller and Auditor General (CAG) raised allegations against the government for allocation of coal blocks to public and private enterprises. Out of the total 216 coal blocks allocated ...
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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.
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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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To be eligible for the credit, a taxpayer must apply for and be awarded a tax credit allocation by the Department of the Treasury 4 billion is set aside for qualifying projects in census tracts in which a coal mine or coal power plant has closed and in which no project received a 48C credit allocation in prior years.
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1. Introduction. Many countries have signed the Paris Agreement to achieve the goal of global CO 2 emission decline by 2050 [1].In China, energy consumption highly depends on coal which accounts for 64% of total energy generation [2].In the process of coal mining and production, a considerable amount of greenhouse gas is emitted due to the low energy utilization efficiency.
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The annual budgets must respect the limits set out in the multiannual framework. EU expenditure for totals EUR 1 billion, consisting of EUR 1 billion for the MFF and EUR 750 billion for the NGEU. The MFF budget will be increased by a further EUR 11 billion thanks to the programmespecific adjustment set out in Article 5 of ...
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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 ...
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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 ...
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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 ...
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The CoalGate scam, also known as the Coal Allocation Scam, was a largescale corruption scandal that rocked India's energy industry. The scam involved the il...
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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:
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The introduction of competitive allocation is part of implementing the NSW Government's Strategic Statement on Coal Exploration and Mining in NSW (PDF, ). The competitive allocation pathway has been developed to create a faster process (relative to the Strategic Release Framework) for allocating coal exploration licences by public tender in specific circumstances only, sites ...
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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.
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The coal giants are currently in no condition to spend those amounts. Arch and Alpha filed for Chapter 11 bankruptcy protection last year. Peabody stock prices have fallen by more than 97 percent ...
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Coal burn in the power sector has fallen off a cliff. Demand peaked at billion tons in 2007. The Energy Information Administration (EIA) estimates consumption in 2020 will be 377 ...
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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 ...
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WASHINGTON, As part of the BidenHarris Administration's Investing in America agenda, the Department of the Treasury, the Department of Energy, and the Internal Revenue Service (IRS) today released additional information on key provisions in the Inflation Reduction Act to strengthen energy security and drive investment to hardhit coal communities and underserved ...
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New Delhi: Former coal secretary Anil Swarup has told ThePrint that former Comptroller and Auditor General (CAG) Vinod Rai was wrong in "determining loss to the public exchequer" in the coal block allocation scam and had made "a public spectacle relying on halftruths". Swarup admitted that there was something wrong in the allocation of ...
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A judgment which convicted three former coal ministry officials for corruption in one of the cases related to the coal scam on Friday has also given a huge relief to former Prime Minister Manmohan ...
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Until a recent stock market rout on allegations of accounting fraud by a USbased ... be inserted before the sentence "competitive bidding process" in the Coal Block Allocation Rules of 2017 ...
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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
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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 ...
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Coal mining, coal transportation, and coalfired power plants, as well as infrastructure services exclusively dedicated to supporting any of these activities, are also excluded. For all Higher Risk Activities proposed for Bank financing, the Bank requires each VC Fund to furnish its detailed environmental and social due diligence for the Bank's ...
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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 ...
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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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