Panem, for mining coal even from the forest areas of the Coal Block. 6. Till 2014, there was no problem. However, on 25th August 2014, this Court in the case of Manohar Lal SharmaI, held that the entire allocation of Coal Blocks made between 1993 and 2011, except those which were made through competitive
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Introduction: The Centre launched the auction of 41 coal blocks for commercial mining, with the Prime Minister formally giving the green signal and expressed optimism that it will help in reducing dependency on imports. The move is aimed at reviving the auction process, which has remained in limbo with only 31 coal blocks having . Continue reading "RSTV: THE BIG PICTURE INDIA'S COAL ...
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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 ...
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The foregoing supports the following conclusions: • 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 ...
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Total recall: What the coal blocks cases are about. In the early 1990s, the government decided to allocate to private companies coal blocks that were not part of the production plan of the public sector Coal India Ltd and the Singareni Collieries Company Limited (SCCL). A list of 143 coal blocks was prepared initially and inflated to 216 later.
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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 ... also provided for fixation of a ceiling price for power sector coal mines, which was to be Coal India Limited (CIL) notified price for the equivalent grade of coal ...
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The government of India in the coal block case was questioned for going beyond their powers as given by the statutes which govern the coal and natural resources mining in India. The government wrongly took initiative of allocation of coal blocks without any auction. ... The whole process of allocation of coal blocks has been a huge example of ...
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Apart from Singh, the court said some top officers, who were then working in Prime Minister's Office (PMO) at that time and were concerned with the process of allocation of coal block to HINDALCO ...
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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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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 ...
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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 ...
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The Coal Block Allocation Rules, 2017 were also enacted to pave the way for competitive bidding of coal blocks. As recently as June 2020, the Central government initiated auction of 41 coal blocks leading to an investment potential of Rs. 33,000 crore of capital investments over the coming years apart from allowing hundred percent foreign ...
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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.
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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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Allocation of coal blocks for composite prospecting licensecummining lease; It will help in increasing of the inventory of coal, lignite blocks for allocation. Provision for requirement of Approval from Centre Done away; In cases where the allocation or reservation of coal/lignite block has been made by the Central Govt. itself
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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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The notification empowers the Government to enter upon and survey any land in the locality, dig or bore into the sub soil and do all other acts necessary to prospect for coal in the land. [Section 4] In case of any damage done to the land in pursuance of the above activities, appropriate compensation shall be paid.
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However Mr Gupta maintains he had no involvement in IST Steel and denies influencing the coalblock allocation process. Allegations against Naveen Jindal Congress MP, Naveen Jindal's Jindal Steel and Power got a coal field in February 2009 with reserves of 1500 million metric tones while the governmentrun Navratna Coal India Ltd was refused.
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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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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 ...
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يرغب أحد موردي المواد من بلجيكا في إنتاج مسحوق الحجر الجيري لملابسه...
الهند غنية بالموارد المعدنية المختلفة وهي سوق مهم لمعالجة المعادن
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