WEBJan 19, 2018 · The panel will also suggest changes in the future coal block bid process in its report to be submitted within a month. Benchmarks . Nifty 22, Precious Metal . ... coal blocks Piyush Goyal Union Bank of India coal blocks alloion SBI (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live .
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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 .
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WEBThe Coal Mines (Special Provisions) Act, 2015 is a legislative measure that is focused on the alloion of coal mines. The Act entails the transfer of the rights, ownership, and infrastructure associated with these mines, including mining leases, to successful bidders. The primary objective is to maintain uninterrupted coal mining activities ...
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WEBApr 30, 2013 · The document summarizes the "Coal Alloion Scam" or "Coalgate" political scandal in India concerning the alloion of coal deposits to public and private companies from . ... • there was no legal impediment to introduction of transparent and objective process of competitive bidding for alloion of coal blocks .
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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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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.
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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 .
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WEBAUCTION OF COAL MINES FOR SALE OF COAL. Notice regarding declaration of Technically Qualified Bidders17th TrancheSecond Attempt Notice regarding declaration of Technically Qualified Bidders18th Tranche Notice regarding declaration of Technically Qualified Bidders19th Tranche.
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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.
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WEBMar 8, 2021 · The MMDR Act regulates the overall Mining Sector in India. The Coal Mines (Special Provisions) (CMSP) Act provides for the auction and alloion of mines whose alloion was cancelled by the Supreme Court in 2014. The Mineral Laws (Amendment) Bill, 2020, was introduced in Lok Sabha on 2 March 2020.
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WEBYou can find information related Tenders, Notices, latest updates pertaining to Ministry of Coal, Government of India. भारत सरकार; Government Of India; Skip Main Content ... Laxmi Nagar, on 30 July, 2007 in Shastri Bhawan and on 13 September, 2007 in Shastri Bhawan, New Delhi to consider alloion of Coal Blocks earmarked for ...
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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 ...
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WEBJul 12, 2022 · Corruption had deepened its roots in this area for decades, the government led by Shri Narendra Modi has uprooted corruption in this area. Between 2015 and 2020, 10 auction chains were conducted, 35 coal blocks were successfully auctioned. A total of 85 blocks were allotted with a production capacity of 440 million tonnes.
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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.
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WEBJul 6, 2020 · Does India import coal? 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 alloion of coal blocks for own .
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WEBOct 7, 2020 · The court also held CTL, Agarwalla and CML guilty for the offence under IPC Section 379 (theft) and 34 (common intention). As per CBI's case, a criminal conspiracy was hatched by private parties and public servants involved in the process of alloion of Brahmadiha coal block, which was "not an identified captive coal block to be alloed .
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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 ...
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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 ...
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WEBUnion of India Section Section 6 in Coal Blocks Alloion Rules, 2017 6. Allotment. In respect of coal blocks, for which the Central Government has specified allotment to Government company or corporation under subclause (ii) of clause (b) of subrule (1) of rule 3, the Central Government shall prepare a document for the allotment process, that .
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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 .
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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 .
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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 .
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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 ...
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WEBDec 29, 2023 · With coal production in India expected to nearly double in the next seven years, the Rail Sea Rail as an alternative mode of transportation, becomes crucial for efficient Coal evacuation to consumption centres in India, ensuring a seamless and uninterrupted power supply. 4. COAL BLOCK ALLOCATION.
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WEBJun 17, 2019 · Coal India Limited has set up Regional Sales Offices and SubSales Offices at selected places in the country to er to the needs of the consuming sectors in various regions. ... Alloion process was arbitrary, discretionary and nontransparent. ... The CCEA approved the methodology for auction of coal mines/ blocks for sale of the .
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WEBApr 16, 2013 · The coal alloion scam involved the inefficient alloion of India's coal deposits to public and private companies by the government between . Around 194 coal blocks were alloed without an open auction process, resulting in potential losses of over 33 billion to the Indian exchequer.
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WEBCoal production of India. Coal in India has been mined since 1774, and India is the second largest producer and consumer of coal after China, mining million metric tons ( million short tons) in FY 30% of coal is imported. Due to demand, supply mismatch and poor quality with high ash content, India imports coking .
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WEBJun 18, 2020 · The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for alloion of the coal mines. Speaking on the occasion, Shri Narendra Modi said that India will overcome the COVID 19 Pandemic and the nation will turn this crisis into an .
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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.
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WEBNov 21, 2013 · Coal alloion scam or Coalgate, is a political scandal concerning the illegal alloion of the nation's coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh.. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of .
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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 .
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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 ...
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WEBSep 24, 2013 · "The process of bidding of coal blocks will be started very soon. The government has fulfilled its commitment to bring transparency in the alloion of coal blocks," coal minister Sriprakash ...
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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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