India has started the process of auctioning some blocks of critical and strategic minerals that are crucial for the nation's push to speed up energy transition and boost electric vehicle ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
Coal Block Allocation (Amendment) Rules 2020 have been notified ... •Out of 38 blocks, the auction process successfully completed for 19 blocks in November 2020 ... into India is situated in or is a citizen of any such country A company or a joint venture company formed
WhatsApp: +86 18203695377
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.
WhatsApp: +86 18203695377
All auctions of coal mines will be for sale of coal only No restriction on utilisation of coal Mineral Concession (Amendment) Rules, 2020, CM(SP) Amendment Rules, 2020 and Coal Block Allocation (Amendment) Rules, 2020 have been notified. National Coal Index implemented to create a transparent market based pricing mechanism.
WhatsApp: +86 18203695377
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.
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
Methodology for fixing Upfront Payment and Reserve Price for Allotment of Coal Mines /Blocks for sale of coal to PSU's. Downloads File size : KB File type: PDF : 12012/01/2015CAIII dated : 08/01/2016 : 31 : Methodology for fixing Floor/Reserve Price for Auction and Allotment of Coal Mines /Blocks.
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
Vinod Rai (2014) details the manner in which a politicised allocation process came into being and subverted the preexisting policy process. The salient features of the coal block allocation episode are as follows. Before the reforms, Coal India Limited (CIL) a public sector firm, held monopoly over coal production, as per the Coal Mines ...
WhatsApp: +86 18203695377
In August 2012, the Comptroller and Auditor General of India released a report on the coal block allocations. CAG recommended that the allocation process should be made more transparent and objective, and done through competitive bidding.
WhatsApp: +86 18203695377
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:
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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.
WhatsApp: +86 18203695377
4 Steel Authority of India Ltd. 4 I Tasra Jharia Jharkhand G Steel cd wb 285 E 5 West Bengal Power Development Corporation Limited 5 I Tara (West) Ranigung West Bengal G Power cd wb E 6 Jindal Steel Power Ltd. 6 I GarePalmaIV/1 HasdoeArand Chhattisgarh P Sponge Iron cd ch 124 E
WhatsApp: +86 18203695377
Check out for the latest news on coal block allocation cases along with coal block allocation cases live news at Times of India
WhatsApp: +86 18203695377
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.
WhatsApp: +86 18203695377
The coal blocks allocation cases are among the CBI's longest running probes, with the agency last registering a fresh FIR in the case in January 2020. ... government decided to allocate such coal blocks to private companies that were not part of the production plan of PSUs Coal India Ltd and Singareni Collieries Company Limited (SCCL ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
Timeline of events related to captive coal block allocation in India 2 Figure 2: Summary of cancelled coal blocks and proposed allocations 6 Figure 3: Enduse classification of coal blocks by ...
WhatsApp: +86 18203695377
The 2015 Bill primarily seeks to allocate the coal mines that were declared illegal by the Supreme Court. It provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ministry notified the Coal Mines (Special ...
WhatsApp: +86 18203695377
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+)
WhatsApp: +86 18203695377
India: South African thermal coal portside prices remain largely stable wow
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
ED attaches assets worth Rs 603 crore belonging to Vandana Vidyut Ltd. The move by agency was in connection with a coal block allocation 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 machinery and 23 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
Copyright © 2023 GMC Co., Ltd. SiteMap
