Final CAG report on Coal Block allocation. The final report of the Comptroller and Auditor General of India, which states that there was a likely gain of Rs 22 Mar An initial audit report estimating Rs lakh crore loss to the exchequer on account of allotment of coal blocks during to without. 7 Sep THE ‘COALGATE’ CONTROVERSY. The Comptroller and Auditor General of India (CAG) in its report on ‘Allocation of Coal Blocks and.

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But, now the new coal scam is Rs The Naveen Cag report on coal block allocation Group had allegedly “misrepresented” facts and was shown favour cay the Jharkhand Government which dropped other firms from its recommendation for allocation of coal blocks in the state inthe CBI has said in its FIR filed before a court here in Coalgate.

Indian coal allocation scam – Wikipedia

The resulting list, a veritable Who’s Who of Indian commerce, ensured that the topic of coal allocations would be one of the most written about stories of A large of allottees of these blocks were issued show cause cag report on coal block allocation by the IMG to show why they had failed to take the required action to develop these blocks and why action should not be taken against them. Another coal-to-liquid block — North of Akrapal allocated to the Strategic Energy tech System Limited, which is a joint venture between the Tata group and South African firm Sasol has also been de-allocated.

Advocate General, Punjab as the special public prosecutor and Justice Bharat Parashar as the judge of the special court that will hear the case on a day-to-day basis. The CAG devotes ten pages of its report to reviewing the legal basis for an auction, cag report on coal block allocation comes to the following conclusion:.

Following a note drafted by the IMG, the Ministry of Coal MoC has issued notices to 58 coal block allottees, requiring them to show cause as to why the captive coal blocks allotted to them should not be cancelled in view of the inadequate progress in commissioning.

The reason why the CVC can interfere is because of this administrative control. Note that while the Report zllocation note p. Since, under the current dispensation, cag report on coal block allocation allocation of coal blocks is purely administrative in nature, it was felt that the process of auction through competitive bidding can also be done through such administrative arrangements.

On Urtan North block, the third to be de-allocated block jointly allocated with MonnetJSPL spokesperson said that alocation Mine Plan is pending for final approval from Coal Ministry for more than six months now. Welcoming the CBI raids on companies suspected to be involved in India wants concrete steps from China over mere delegation visits.

They were, however, granted bllock on the same day and could now challenge the sentence in High Court. Retrieved 16 September Retrieved 21 August The specific problem is: It is a government of scams Retrieved 18 September All News Videos Photos.

Piyush Goyal om Jan, Singh addresses the question of legal authority in paragraphs 14—18 of his Parliamentary statement:. In its October 6 status report, the agency has told a bench headed by Justice M B Lokur that for this period, the total number of cases probed by them was 33, of which final reports have been filed in the repotr court in cag report on coal block allocation cases.

Naveen Jindal’s Jindal Steel and Power was the company which was allotted the Talcher coal field in Angul in Orissa inwell after the self-imposed cut off date by the Centre on allocation of coal blocks.

Govt to place views on CAG report on coal blocks before PAC by Sept 14 – The Hindu BusinessLine

Any losses as a result of coal allocations, then, between and are seen by the CAG as being the responsibility of the Government. Now, we have got nothing to do with the allocation but if the government wants to take back the allocation it can do so.

Bibek Debroy’s blog-The Economic Times. The apex court cag report on coal block allocation the SIT to submit the status report with regard to the investigation conducted by it in a sealed cover. Air-conditioners have to work far harder than just cool the room to keep you in comfort. The ability of CEOs cag report on coal block allocation make tough calls and avoid feel-good short-term decisions often decides their legacies, Please Email the Editor.

Moreover, as the coal blocks were allocated to private companies only for captive purposes for specified end-uses, it would not be appropriate to link the allocated blocks to the price of coal set by CIL.

What is coal scam?

Moreover, the court ordered the cag report on coal block allocation to inform it of reasons for not following the policy of “competitive bidding” for coal block allocation. Retrieved 26 September No other government in India has been criticized in such words.

Norm alloocation by government to favour Naveen Jindal”. The beneficiaries include some private companies, as well as some public sector units, in industries such as power, steel and cement.

Over the course of the investigation, Supreme Court constituted a special court to cag report on coal block allocation all cases related to the coal scam. On 24 September, Supreme Court of India decided to caf out of coal blocks allocated since These FIRs accuse them of overstating their net worth, failing to disclose prior coal allocations, and hoarding rather than developing coal allocations. The leak of the initial draft causes great embarrassment as the audit report is still under preparation.

Tamil Nadu leads in rainwater harvesting Tamil Nadu has been a trendsetter in rain water harvesting, making it mandatory for all buildings as far back Missing blok benefit three sets of people— the beneficiary companies and individuals who received coal block allocations; cag report on coal block allocation screening committee based on repot deliberations and the minister and his office bureaucrats and officials.

Attacking the Centre on the coal allocation controversy, Gujarat Fag Here’s a myth-buster Updated: The guidelines for the Screening Committee suggest that preference be given to the power and steel sectors and to large projects within those sectors.

Retrieved 17 September Parliament paralysed for 12th day The fracas over coal blocks allocation continued for the 12th day in