Coal allocation scam or coalgate a

The CBI decides to close its case against Birla and The Supreme Court also declares that all coal blocks allocated between and were illegal.

They were, however, granted bail on the same day and could now challenge the sentence in High Court. From this record, the CAG draws the following conclusions: Despite this DLA advice, there was prolonged legal examination as to whether an administrative decision or amendment of the statute was necessary for competitive bidding to be introduced.

The trial court has rightly brushed aside minor discrepancies in evidence and technical objections to the fresh investigation being taken up, and concluded that the testimony of key witnesses, who were themselves injured, was cogent and reliable.

The apex court pointed out that the scam resulted in the heavy suffering of common good and public interest. From this record, the CAG draws the following conclusions: The allocation of coal blocks was done through a screening committee that was chaired by Secretary Coal Ministry and consisted of Joint Secretary Coalrepresentatives from Ministry of Commerce and Industry, Ministry of Power, Ministry of Environment and Forest and Ministry of Railways.

The Parliamentary standing committee played a key role as in Aprilit had slammed the allocation process between and being arbitrary. While this judgement may go down in history as a landmark judgement, here are 11 things you need to know about the coal allocation scam: The Ramchandi block, which has estimated 1.

The court affixes the date of declaration of the verdict as September 9, Slamming the decision to de-allocate their coal blocks, Jindal Steel and Power and Monnet Ispat and Energy have blamed lack of government approvals and external factors like Naxal activities for not making enough progress in their mines.

Currently, it is estimated that 65 percent of government spending does not come under the scrutiny of the CAG. About blocks were allocated to private establishments in this manner. The ministry is preparing to inform the companies impacted by the decision. CAG observed the revenue secured from the allottees for allocation was much less than what could have been if there was competitive bidding—hence presumptive loss to the exchequer.

During the time frame in question i. The opposition alleged that norms were violated by the government for allowing him coalfields. The decisions have been taken after careful consideration, a top coal ministry official told The Indian Express. The DLA advice of July was sufficient grounds upon which to introduce competitive bidding, by means of an administrative decision.

As many as 70 coal fields were allocated between and53 were given away in52 in24 in16 in and one in After an amendment was made in the Nationalization Act, coal blocks can be allotted to private companies for captive mining to accelerate power, steel and cement production.

March 25, Manmohan Singh moves Supreme Court against summon in coal scam case. The company said it has invested over Rs. A report by the Comptroller and Auditor General of India showed inefficient and possibly illegal allocation of coal blocks between and It was allotted a coal block in CAG report alleged that a loss of Rs.

Productive Performance of Captive Coal Blocks pp. In the years — only 39 coal blocks were allotted, and till only 70 coal blocks were allotted. The CBI is probing into the coal blocks allocated by the screening committee. But unresolved issues could stall audit of KG Basin again. It is possible to argue that there is little justice, or even meaning, in securing the conviction of those who may have been sucked into the mob frenzy that followed Indira Gandhi's assassination.

The ministry has been facing intense flak over alleged irregularities in allocation of coal blocks since and the Central Bureau of Investigation CBI is currently investigating the abnormalities and criminal conspiracy in their allotment.

This stalled the decisionmaking process through The actual impact of several coal companies is likely to be better understood post the judgment, which is slated to be announced on September 1. The two companies, whose 4 blocks figure in the list of 11 to be de-allocated, said that they are being punished for no fault of theirs.

The Urtan North block is also critical to JSPL's plans as it was supposed to meet per cent of the coking coal needs of its already operational Raigarh steel plant in Chhattisgarh.

On Urtan North block, the third to be de-allocated block jointly allocated with MonnetJSPL spokesperson said that its Mine Plan is pending for final approval from Coal Ministry for more than six months now. The Abhijit Group promoted by Manoj Jaiswal and having close business ties to Vijay Darda was allotted six coal blocks with a lot of irregularities.

Opinions and Editorials

The JSPL spokesperson said the company's coal blocks are being de-allocated "despite best efforts made by the company and no fault on part of the company. The spokesperson of Jindal Steel and Power JSPL said its employees, officials and contractors were assaulted or made hostage many times at the site and equipment were damaged.

Over the course ofhowever, the question of corruption came to dominate the discussion. Coal allocation scam or Coalgate,[1] as referred by the media, is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and.

This is the talk page for discussing improvements to the Indian coal allocation scam article. This is not a forum for general discussion of the article's subject. Put new text under old text. Contact for FREE Trial. Profession / Organisation*. Coal allocation scam or Coalgate,[1] as referred by the media, is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh.[2].

May 22,  · What is coal scam?

What is the Indian coal allocation scam?

A report by the Comptroller and Auditor General of India showed inefficient and possibly illegal allocation of coal blocks between and Author: Express Web Desk. Mar 11,  · The coal scam, or what’s popularly called the coalgate, first came to light when India’s audit watchdog, The Comptroller and Auditor General of India, raised the issue of inadequacies in the Author: Special Correspondent.

Coal allocation scam or coalgate a
Rated 0/5 based on 88 review
COAL ALLOCATION SCAM OR COALGATE PPT