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 ...
to allocate coal blocks by a process of competitive bidding, but chose not to. Windfall gain of rupees 185,591 crores (US Billion) FIRMS ELIGIBLE FOR A COAL ALLOCATION. Nationalisation of coal mining industry between 1972 and 1976. Coal. India. Limited (CIL) and. Singareni. Collieries. Company (SCCL) responsible for coal production
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 ...
It has been a decade since the country was engulfed by the coal allocation scandal. A 2012 report by the Comptroller and Auditor General (CAG) declared that the Coal Ministry's failure to adopt competitive auctions for coal blocks led to gains worth ₹ lakh crore for private actors. The public discourse rapidly degenerated into treating this entire sum as a loss to the exchequer.
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 focus of ...
India's significant coalfields include the Raniganj coalfield in West Bengal, the Jharia coalfield in Jharkhand, and the Singrauli coalfield in Madhya Pradesh and Uttar Pradesh. The coalfields in India are significant sources of employment and income for people living in these areas. Major coalfields in India and their characteristics
Diversification of Coal India Limited (CIL) As part of Diversification initiatives of the Ministry, Coal India Limited is being diversified for sustainable future business operations like New Business Areas (Aluminium, Power, Solar wafer, Solar Power Renewable), Expansion of Core business (1 BT) etc., 6. Sustainability in Coal Sector:
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 ...
Coal block allocation: 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 ...
![[Indepth] [Updated] Coal Sector in India IAS EXPRESS](/q4bwuz0/352.jpg)
This will standardise the process and address the discretionary nature of the process. Online Coal Clearance System: Developed by the coal ministry to enable easier submission and clearance of applications to the ministry. CAMS: Coal Allocation Monitoring System. It is to monitor the allocation process and improve transparency.
Recently announced Reforms in Coal Sector. Commercial mining of coal allowed, with 41 blocks to be offered to the private sector. The coal mines being auctioned are located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra and Odisha. They include partially and fully explored mines. Simplified the process of the mining plan approval ...
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 ...
India imports around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore. The 41 mines opened for auction now can hit a peak production of 225 mt in 202526, saving foreign exchange. A High Powered Expert Committee (2017) recommended a shift from the allocation of coal blocks for own consumption to commercial mining.
[Section 9A] After taking into consideration the report, if any, the Central Government shall make a declaration with respect to acquisition of the land. Such declaration must be made within three years of the notification, and shall be published in the Official Gazette.
June 2012: Coal ministry forms an interministerial panel to review the process of allocation of blocks and to decide either on deallocations or forfeiture of bank guarantees. The government has ...
India Resources, Power, Economy: Although India possesses a wide range of minerals and other natural resources, its per capita endowment of such critical resources as cultivable land, water, timber, and known petroleum reserves is relatively low. Nevertheless, the diversity of resources, especially of minerals, exceeds that of all but a few countries and gives India a distinct advantage in ...
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
Main features of the Policy Guidelines are as follows: Only the following types of lands will be considered: Lands which are no longer suitable or economically viable for coal mining activities; or Lands from which coal has been mined out / decoaled and such land has been reclaimed.
Introduction Coal is the most important and abundant fossil fuel in India. It accounts for 55% of the country's energy needs. The country's industrial heritage was built upon indigenous coal. Commercial primary energy consumption in India has grown by about 700% in the last four decades.
History Coal mine, Dhanbad India The Indira Gandhi administration of India nationalized coal mining in phases coking coal mines in 197172 and noncoking coal mines in 1973. With the enactment of the Coal Mines (Nationalization) Act, 1973, all coal mines in India were nationalized in May 1973.
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 ...
Prime Minister Narendra Modi coal mining leases was finalised and approved by the government in February 2018. Since Coal India Limited's production is unable to meet the demand of noncaptive industry requirement of coal, there has been a surge in import of coal.
Coal allocation scam or Coalgate 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. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of ...
During the investigation process, Indian Police conducted raids across 10 cities to comprehend the misappropriation in the allocation of coalfields. Even government officials and toplevel officials of the involved companies are under scrutiny (Srinivas, 2012; India News Bulletin, 2012).
commissioned by Coal India in 2017, domestic coal demand was estimated to be 1,300 1,900 MTPA by 2030. Transportation of such high coal volume and creating ... planned as part of the mine allocation process. Coal Logistic Policy 2022 Page 5 b. Arrangements of relevant business models need to be encouraged for the
As secretary of coal to the government of India over 200608, a period when several of the questioned allocations took place, he was directly implicated in the scandal.
Advertisement. The CAG in its final report earlier this week said private firms are likely to rake in Rs lakh crore from allocation of 57 coal blocks without competitive bidding between 2005 and 2009. Coal minister Sriprakash Jaiswal in his statements to the press purported gains accruing to the companies was unviable: We do not agree with ...
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