As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocation mean for the country's economy going ahead?
Production in India has largely been restricted to staterun Coal India Ltd and another smaller governmentcontrolled company. While coal still accounts for over 70% of India's power production ...
In a nutshell, the coal allocation scam, or 'Coalgate' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012. The scam came to light after the Comptroller and Auditor General of India (CAG) accused the government of India for allocating 194 coal blocks to public and private enterprises ...
2. INTRODUCTION • Coal allocation scam or Coalgate, 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 allocating coal blocks in an inefficient manner during ...
Coal mining in India has primarily been driven by the need for energy domestically. About 55% of the current commercial energy use is met by coal. The power sector is the major consumer of coal, using about 80% of domestically produced coal. ... CAG recommended that the allocation process should be made more transparent and objective, and done ...
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 and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India office accused the Government of India of allocating coal blocks in an inefficient manner during the ...
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.
the year 2022 (up to November, 22), all India Coal production (CIL, SCCL Captive mines) is MT (Provisional) and Coal off take is MT (Provisional). Coal dispatch to Power Sector is MT (Provisional). the year 2022 (up to November, 22), EAuction by CIL and SCCL is MT.
This work presents detailed life cycle assessment (LCA) of a novel process to produce ethanol from rice straw in India. The process has been successfully demonstrated and proposed to be scaledup, and detailed LCA of that process is the key novel contribution of this work. Cradletogate system boundary is considered, which includes rice farming, transportation, and processing at the ...
Coal allocation scam or Coalgate, is a political scandal concerning the illegal allocation 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 allocating ...
2. About 194 blocks were allocated to private establishments in this manner. 3. This political scam took centrestage when the Comptroller and Auditor General (CAG) of India report in 2012 highlighted that the failure to auction 194 coal blocks amounted to huge losses to the Indian government. 4.
Despite India being the world's fourthlargest country in terms of availability of coal reserves, we still import around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore.
The CMSP Act provides for the auction and allocation of mines whose allocation was cancelled by the Supreme Court in 2014. ... The Bill clarifies that the companies need not possess any prior coal mining experience in India in order to participate in the auction of coal and lignite blocks. Further, the competitive bidding process for auction of ...
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:
The coal mining sector in India seems to have finally taken the last step towards its denationalisation after more than 40 years. The Mineral Laws (Amendment) Act, 2020 ( Amendment ) promulgated as an ordinance in January 2020 has recently been passed by the Parliament. The Amendment seeks to allow greater private participation in the coal ...
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
• Coal allocation scam 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 allocating coal blocks in an ...
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 ...
The CMSP Act provides for the auction and allocation of mines whose allocation was cancelled by the Supreme Court in 2014. ... The Ordinance clarifies that the companies need not possess any prior coal mining experience in India in order to participate in the auction of coal and lignite blocks. Further, the competitive bidding process for ...
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 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 ...
LONDON, Nov 30 (Reuters) India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation following lowerthannormal monsoon rains. Coal remains ...
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 ...
The Government approved the fading away of the existing Letter of Assurance (LoA) Fuel Supply Agreement (FSA) regime and introduced Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI), 2017, which was issued by the Ministry of Coal on 22 May 2017. The Government also approved amendments to the SHAKTI Policy ...
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 ...
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