WEBOct 10, 2023 · Coal mining in India. India is rich in ancient coal fields like Gondwana coalfields (250 million years old) and tertiary coalfields (1560 million years old). Coal mining was started during the rule of the East India Company in 1774 in the Raniganj coalfield along the western bank of the Damodar river. To increase coal production, the .
WEBUnion of India Section Section 3 in Coal Blocks Alloion Rules, 2017 3. Alloion process. In connection with the alloion of coal blocks the Central Government shall identify the coal blocks for alloion as per the standard technical parameters; specify the manner of alloion through (i) auction; or (ii) allotment to Government Company or .
WEBAuction/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 .
WEBAug 25, 2014 · The Supreme Court on Monday pulled up the Centre on coal block alloions and declared all >218 alloions made from 1993 to 2011 illegal and arbitrary. A Bench of Chief Justice Lodha and ...
WEBBirla has been booked as the representative of Aditya Birla Group and his group company Hindalco, an aluminium maker, for alleged corruption in the alloion of two coal blocks in Talabira in ...
WEBMar 6, 2015 · The floor price for the block was Rs 725 a tonne. Abhijeet Infrastructure Ltd was the former owner of the block. Last September, the Supreme Court cancelled 205 coal block alloions between 1994 and 2010 because of various irregularities in the alloion process. Mandakini in Odisha is the other block on offer.
WEBThe 2012 CAG report on coal block alloion in India as well as the 2014 Supreme Cout judgement (which led to a cancellation of 214 coal blocks) lead to a complete revamp of the system by which coal blocks were given out to prospective owners. ... Understanding the Auction Process As per the latest guidelines, the coal block auctioning process ...
WEBApr 14, 2014 · At the same time, the Congress spokesman recalled that the Prime Minister had indied that the CBI lodging the FIR against Parakh in the coal block alloion was not proper. On the issue of alloion, Surjewala claimed that the Prime Minister needed to be given credit for streamlining the process and making it transparent.
WEBJan 19, 2018 · New Delhi: The government has allotted 11 large coal blocks to three subsidiaries of Coal India Ltd to raise the production by 225 million tonnes per annum by 2022, coal minister Piyush Goyal said on Friday. Of these, five blocks were dealloed by the Supreme Court in 2014 and six are fresh blocks identified by the coal ministry for .
WEBEarlier this week, Lok Sabha passed the Bill that provides for the alloion 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 alloions .
WEBSep 24, 2014 · The apex court had on August 25 held that all coal blocks alloion since 1993 by various regimes at the Centre have been made illegally and arbitrarily. NEW DELHI: The Supreme Court cancelled almost all coal blocks given to private companies since 1993, delivering a severe blow to firms that invested heavily in power stations and .
WEBSep 30, 2015 · In view of this and pursuant to the recent judgment of the Supreme Court on cancellation of coal mines alloions, a major overhaul of the alloion process prescribed under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) was long overdue to ensure mine alloion and monetization of minerals in the .
WEBAug 18, 2013 · June 2012: The Central Vigilance Commission asks CBI to inquire into the coal block alloion process between 200609. CBI files Preliminary Enquiry . September 2012: Expanding the scope of the investigation,the CBI widens probe into alleged irregularities in alloion of coal blocks between 1993 and 2004.
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 .
WEB1. Directions of the Central Government for auction of coal mines under the CM (SP) Act, 2015. Downloads. File size : KB. File type: PDF. . 2. Minutes of 4th meeting held on under chairmanship of Additional Secretary (Coal) to identify additional coal / lignite blocks for alloion under rule 3 (2) of the Coal Blocks ...
WEBNov 19, 2012 · The petition sought the cancellation of all the coal blocks alloed to private companies from 1993 to 2012 for captive mining coupled with courtmonitored investigation by the Central Bureau of Investigation or the SIT into the alloion of coal blocks. The PIL contended that coal blocks were alloed in a "completely arbitrary .
WEBJan 16, 2014 · 16 months of arguments later, SC holds back coal blocks alloion verdict (PTI) A threejudge bench headed by Justice R M Lodha, which had agreed to look into the alleged irregularities in coal block alloion on September 14, 2012, wrapped up the proceedings which witnessed the Centre itself putting in motion the process of de .
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 ...
WEBCoal Blocks Alloion Rules, 2017 Related Act Details. Act Short Title: The Mines and Minerals (Development and Regulation) Act, 1957 ... the terms, conditions and process of auction by competitive bidding and allotment in respect of coal or lignite; ... New Delhi .
WEBSep 3, 2012 · The CAG report also pointed out how mindless alloion of coal blocks to private companies caused huge losses to public sector company Coal India Limited (CIL). The guidelines for alloion clearly state that coal blocks offered to the private sector should be "at reasonable distance from existing mines and projects of CIL in order to .
WEBMay 17, 2022 · A list of 143 coal blocks was prepared initially and inflated to 216 later. At that time, there were no concrete guidelines for alloion of coal blocks as coal mining was largely restricted to PSUs and many geographic loions were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003.
WEBOct 6, 2016 · Under the "coal block alloion" scheme a "Screening Committee" was established (under an Office Memorandum of 1993, that was reconstituted through a similar Office Memorandum in the years 2000, 2003 and 2005) that identified eligible entities to be awarded coal blocks that were preidentified by Coal India Limited for being available ...
WEBJun 18, 2020 · A major step towards making India selfreliant is independence in energy, which the Government aims to achieve with the coal block auction. India's energy demands have been rising nearly 5 per cent per annum, and with coal supporting around 54 per cent of the nation's GW installed capacity, the auction can prove to be a .
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 .
WEBNov 3, 2015 · In a March 2012 draft report, the CAG accused Government of India of alloing coal blocks in inefficient manner during period. The basic argument of CBI was that the government chose to NOT to alloe the coal blocks by process of competitive bidding. Coal blocks were given free resulting in the blockowners making .
WEBCoal is one of the most widely used Nonrenewable natural resources. In India, its inefficient alloion raised serious questions. The political stir surrounding the coal scam underlined the problems of inefficient system of alloion of coal blocks. The process of assigning mineral rights by awarding coal blocks on case to case basis through ...
WEBThis is the 14th conviction in the coal alloion scam. | Latest News India. ... has been sentenced to three years of rigorous imprisonment and fined ₹5 lakh in a coal block alloion case ...
WEBMar 19, 2018 · The Supreme Court had last year in September scrapped all but four of 218 coal blocks alloed by the government over the past two decades, in a tougherthanexpected ruling that sank shares of companies that have invested heavily in projects around the concessions.
WEBSep 7, 2023 · A Special Court has discharged three accused namely Manoj Jayaswal, Ramesh Jayaswal and Abhijeet Infrastructure Ltd in a case of alleged wrongful obtainment of the letter of alloion of coal block, and laundering of about 650 Crore rupees. The money was received by the Abhijeet Group as share appliion money and term loan .
WEBFurther, though the Government of India (GOI) has notified certain sectors which may undertake captive mining of coal, the process of alloion of coal mines should be objective and transparent.
WEBAug 26, 2014 · India News: The Supreme Court on Monday declared all coal block alloions since July 1993 as illegal in a decision that casts a shadow over investments worth th
WEBIn 2014, the Hon'ble Supreme Court of India cancelled 204 coal mine/blocks which had been alloed to the various Government and private Companies since 1993 under the provisions of Coal Mines (Nationalization) Act, 1973. In 2015, the Central Government brought in Coal Mines (Special Provisions) Act to realloe these coal blocks.
WEBSep 21, 2020 · The Coal Block Alloion 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 ...
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. ... India's coal production grows % to million tonnes in FY22. Ministry of Coal puts 122 mines under commercial auction process.
WEBMar 10, 2015 · The notifiion 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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