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, . (a) "Act" means the Mines and Minerals (Development and Regulation) Act ...
The officials recommended that the word "transparent" should be inserted before the sentence "competitive bidding process" in the Coal Block Allocation Rules of 2017, which state that ...
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 ...
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 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.
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 ...
Coal allocation scam (or Coalgate) is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private a draft report issued in March 2014, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period ...
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 ...
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 ...
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 ...
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 ...
List of Coal Mines for Auction Mine Summary of Coal Mines Notifications/Notices Timelines Result. Standard Tender Documents Standard CMDPA Response to Queries Corrigendum Addendum Standard Vesting Order. ARCHIVES. Commercial Mining in India. Best viewed in Internet Explorer (v9+)
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 ...
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.
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.
India: The Coal Ministry has begun the process of allotment of mines to central and state public sector units, starting with the allotment of 36 coal blocks. The Supreme Court had in September 2014 scrapped all but four of 218 coal blocks allocated by the government over the past two decades, in a tougherthanexpected ruling that sank shares of companies that have invested heavily in projects ...
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 ...
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 ...
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 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 ...
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.
More than half of India's commercial energy needs are met by coal. It is the main fuel for generating power and making steel and cement. The stateowned Coal India Limited (CIL) is the only agency ...
allocation to coal production, advance submission of development schedule by the allocate and cancellation of allocation for nonadherence. Sectorwise allocation of coal blocks So far 208 coal blocks have been allocated to various public/private sector companies including Ultra Mega Power Projects of 4000 MW each being set up in Madhya
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.
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. While the new allocation framework is an. Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal ...
But even with an ambitious plan to triple renewable energy capacity by 2030, the coal ministry anticipates that India's demand for the polluting fuel will rise from about 1bn tonnes last year to ...
India: South African thermal coal portside prices remain largely stable wow
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