WEBJan 21, 2015 · CBI has examined Aditya Birla group Chairman Kumar Mangalam Birla in connection with alleged irregularities in the alloion of TalabiraII coal block to his company Hindalco in 2005.
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WEBAlloion process. (1) In connection with the alloion of coal blocks the Central Government shall (a) identify the coal blocks for alloion as per the standard technical parameters; ... The process of auction of coal blocks shall be conducted through electronic auction, in accordance with the Act, these rules, the tender document and ...
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WEBAug 20, 2012 · It is true that the process adopted post2004 was better than the practices followed during 1993 and 2004, when 60 blocks were doled out without any nonperformance clause or earnest money.
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WEBDec 28, 2022 · 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 .
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WEBUnion of India Section Section 6 in Coal Blocks Alloion Rules, 2017 6. Allotment. In respect of coal blocks, for which the Central Government has specified allotment to Government company or corporation under subclause (ii) of clause (b) of subrule (1) of rule 3, the Central Government shall prepare a document for the allotment process, that .
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WEBUnion of India Section Section 9 in Coal Blocks Alloion Rules, 2017 9. Reauction and reallotment. On cancellation of auction process or allotment process pursuant to rule 5, rule 6 or rule 7, as the case may be, on account of any reason whatsoever, the Central Government shall have the power to initiate fresh process of auction or allotment of
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WEBUnion of India Section Section 5 in Coal Blocks Alloion Rules, 2017 5. Auction. In respect of coal blocks, for which the Central Government has specified auction under clause (b) of subrule (1) of rule 3, the Central Government shall prepare a document for the auction process, that is, the tender document.
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WEBNov 23, 2017 · The coal alloion scam involved the inefficient alloion of India's coal deposits to public and private companies by the government between . Around 194 coal blocks were alloed without an open auction process, resulting in potential losses of over 33 billion to the Indian exchequer.
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WEBMar 28, 2018 · ED attaches assets worth Rs 603 crore belonging to Vandana Vidyut Ltd. The move by agency was in connection with a coal block alloion case. ED alleged that directors of the firm destroyed forged sale documents. In a crucial development, the Enforcement Directorate today attached assets including factory building, plant and .
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WEBThe coal alloion scam, dubbed in the media as Coalgate, is a major political scandal concerning the Indian government's alloion 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 .
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WEBNov 10, 2014 · Coal block alloion: chronology of events; July 14, 1992. A number of coal blocks, which were not in the production plan of Coal India Ltd and the Singareni Collieries Company Limited (SCCL ...
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WEBJun 4, 2022 · 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 alloed coal blocks for captive end use and sale of coal/ commercial mining. million tonnes of coal has been produced in FY 202122 from .
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WEBCoal blocks alloion arbitrary, says parliamentary panel Wants probe into screening committees' decisionmaking process April 23, 2013 03:18 pm | Updated November 17, 2021 04:37 am IST New Delhi
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WEBMar 5, 2024 · These measures are designed to enhance efficiency, accountability, and sustainability in the alloion of coal resources, aligning with the government's vision of Aatmanirbhar Bharat and economic selfreliance. ... To meet coal demand and to realloe these coal blocks through fair and transparent process, the Coal Mines (Special .
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WEBFeb 19, 2015 · The agency on Thursday filed its final probe report in a coal block alloion case allegedly involving former Coal Secretary P C Parakh, Hindalco and others before the special court
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WEBMar 5, 2024 · The revelation of collusion between private entities, particularly the RP Sanjiv Goenka Group, and governmental bodies adds a sinister dimension to the coal block alloion saga. The clandestine maneuvers employed to rig auctions and manipulate bidding processes lay bare the nexus between vested interests and administrative .
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WEBJun 23, 2020 · Coal Alloion: 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.
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WEBNov 23, 2012 · Coal gate. The document summarizes the key issues in India's coal alloion scam from . It describes how coal deposits were historically alloed by the government to public and private firms, and the process the Coal Ministry used to screen appliions and alloe blocks. The CAG draft report from 2012 alleged major .
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WEBSep 30, 2015 · The auction had become sole mode of coal and lignite mines alloion after 2012, however, it was not applicable to alloion of mines for other minerals. While the Central Government will continue to conduct auction for coal and lignite mine blocks, the auction for all other mineral mine blocks will be conducted by the State Governments.
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WEBAug 16, 2018 · All the accused have denied the allegations levelled against them and said there was no evidence to show that there was any conspiracy during the coal block alloion process. The CBI has filed another charge sheet against Jindal and others, including Goel and Maroo, for allegedly cheating the government by misrepresenting .
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WEBMar 4, 2015 · The audit noted that while an interministerial screening committee decided on the alloion of coal blocks to endusers in the private sector, the "minutes of the steering committee did not indie how each one of the applicants for a particular coal block was evaluated", rendering the process nontransparent.
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WEBMar 7, 2014 · Coal scam. The document summarizes the key details of the Indian coal alloion scam that was uncovered in 2012. It discusses that the CAG accused the government of alloing coal blocks between without a transparent and competitive bidding process, resulting in estimated losses of Rs. lakh crore.
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WEBJan 21, 2015 · CBI has examined Aditya Birla group Chairman Kumar Mangalam Birla in connection with alleged irregularities in the coal scam for the alloion of TalabiraII coal block to his company Hindalco ...
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WEBNow, 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 alloion of 19 coal mines. Commercial coal block auctions are conducted in a twostage online bidding process, which ...
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WEBAug 25, 2014 · The Supreme Court on Monday declared alloion of all the 218 coal blocks made since 1993 as "illegal and arbitrary" while also holding that the central government had no power of alloion under the relevant laws. ... In what is bound to overhaul the entire process of mining of the mineral, which the court described as .
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WEBJun 18, 2020 · India launches auction of 41 coal blocks for commercial mining ... (FICCI) launched a twostage electronic auction process for the alloion of the coal mines. Liberalisation of the coal industry . India's coal mines have registered a jump in output in the last six years, and the auction will help better monetise these assets. ...
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WEBMar 10, 2015 · The entire process of alloion 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 alloion of a coal block by the Central Government confers the power on .
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