March 7, 2015 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.
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To increase coal production, the focus of the Government is on accelerating domestic production of coal through the allocation of more coal blocks, pursuing with the State Government for assistance in land acquisition, and coordinated efforts with Railways for the movement of coal. ... Rolling Auctions: To expedite the process for conducting ...
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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 ...
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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.
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Coal Scam Case: Court convicts former Ministry of Steel Official; High Court: Contractor cannot refuse payments to subcontractor solely due to backtoback contract, Read Judgment; HC: Condonation of delay is an exception, Govt. agencies should not be treated differently, Read Judgment
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A list of 143 coal blocks was prepared initially and inflated to 216 later. At that time, there were no concrete guidelines for allocation of coal blocks as coal mining was largely restricted to PSUs and many geographic locations were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003.
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Total coal production from allocated captive/ commercial blocks till March, 2022 is MT and in 202223 till November, 2022 is MT. 2. Allocation of MMDR Mines by Nominated Authority Total of 17 coal mines have been successfully auctioned and vested under MMDR Act, 1957 by O/o Nominated Authority. 3.
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•Auction process successfully completed for 28 coal blocks. 5 Second Attempt of Auction •Total 11 mines on offer 4 mines under Tranche 12 of CM(SP) Act 2015 and 7 ... an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017,
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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 ...
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Indian Coal Allocation Scam. Authored by Internal Team The present article deals with the Indian coal allocation scam, the scam is a political scam that inundated the UPA government in the year 2012. Table of Contents Estimated Reading Time: 11 minutes ...
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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), were identified and a list of 143 blocks...
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Chapter 2 The eAuction: Design and Process 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 December 2014), Coal Mines (Special Provisions) Rules, which were followed by issue of Standard Tender Document (STD).
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Allocation process was arbitrary, discretionary and nontransparent. There was no consideration of Merit, no Price discovery mechanism for national resources. ... The CCEA approved the methodology for auction of coal mines/ blocks for sale of the commodity on 20 February 2018. The move has been defined as the most ambitious reform of the sector ...
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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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Allocation process. (1) In connection with the allocation of coal blocks the Central Government shall (a) identify the coal blocks for allocation as per the standard technical parameters; ... The process of auction of coal blocks shall be conducted through electronic auction, in accordance with the Act, these rules, the tender document and ...
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1 In this article, Akshita Rishi who is currently pursuing IN BUSINESS LAWS, from NUJS, Kolkata, discusses the rules that govern the allocation of Coal Blocks in India. Introduction We often talk about conservation of our natural resources as they are limited in nature.
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New Delhi: The coal ministry on Wednesday clarified that postcancellation of 204 blocks in the year 2014, the mines are being put on auction via a "transparent" mechanism. The clarification comes a day after Congress alleged 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.
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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 ...
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The coal ministry on Wednesday clarified that postcancellation of 204 blocks in the year 2014, the mines are being put on auction via a ''transparent'' mechanism. The clarification comes a day after Congress alleged that the Narendra Modi government reversed the longstanding policy of competitive auction for coal block allocation and gave ...
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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.
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CAG recommended that the allocation process should be made more transparent and objective, and done through competitive bidding. Following this report, in September 2012, a Public Interest Litigation matter was filed in the Supreme Court against the coal block allocations. ... (ii) if they are convicted of an offence related to coal block ...
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Chapter I Short Title and Commencement 1. Short title and commencement. (1) These rules may be called the Coal Blocks Allocation Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions. (1) In these rules, unless the context otherwise requires,
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Arbitrariness: Until 1993, there were no specific criteria for allocation of coal blocks. In 1993, a new process was started in which allocations were made on the recommendation of an "interministerial screening committee", headed by the coal secretary.
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New Delhi: A day after the Congress accused the Modi government of reversing the longstanding policy of competitive auction for coal block allocation, the government has issued a rebuttal, saying that the coal blocks whose allocation was cancelled by the Supreme Court in 2014 are being put on auction via a "transparent" mechanism. "Ministry of Coal has clarified that after cancellation of 204 ...
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The Managing Coal Mine Closure report was prepared using the Energy and Extractives Global Engagement budget for US250,000 / year for two years. The Energy Sector Management Assistance Program (ESMAP) is supporting the Global Platform for Just Transition with an initial focus on the Europe and Central Asia (ECA) region with US725,000 and a ...
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The Parliamentary Standing Committee report on coal blocks allocation was tabled in the Parliament last week. "The Committee observe that whole procedure adopted by the Government for distributing coal blocks betrays the confidence of the people of our country reposed in the Government. The Committee feel that entire decision making process for distribution of coal blocks needs investigation ...
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process of allotment of coal blocks / coal linkages for thermal power projects, Ministry of Power has been issuing necessary communications from time to time. The communication dated 24th March, 2006 (/2003IPC) provided for the following priority in the matter of coal blocks/coal linkage allocation. i.
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What the coal blocks cases are about? In the early 1990s, the government decided to allocate to private companies coal blocks and a list of companies was prepared. In March 2012, a leaked draft report of the Comptroller and Auditor General (CAG) revealed irregularities in the allocation and pegged the loss to the exchequer at Rs lakh crore.
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Jamkhani, which has 114 million tons of mineral reserves, was awarded to Vedanta Group in February 2020, nearly six years after the Supreme Court cancelled its allocation. It was amongst the 214 coal blocks deallocated vide the apex court's September 2014 judgement. Before the deallocation, the coal block was owned by another corporate ...
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an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017, to permit FDI under automatic route in coal mining activities Press Note 3 of 2020, prescribing prior Government approval if FDI is by an entity from a country which shares
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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.
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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
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