The Coal Blocks Allocation Rules, 2017 is to notify that the Ministru of Coal deferred indefinitely the fifth round of captive coal block auctions citing lack of demand from steelmakers, despite a request from the steel ministry to continue the bidding for interested firms. The Monistry issued a notification to the prospective bidders that the ...
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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 ...
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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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"coal block" means an area containing coal which has been identified in accordance with clause (a) of subrule (1) of rule 3; "coal linkage" means a contract entered between coal producing Government company or corporation and consumer for supply of coal in accordance with the terms and conditions of the relevant fuel supply agreement;
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The entire process of allocation of coal blocks was done in a "brazen fashion" and officers of the Ministry of Coal abused their positions and acted in "an arbitrary and illegal" manner, a special ...
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Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal blocks, the government quickly brought in legislation and began the process of their reallocation. While the new allocation framework is an. Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal ...
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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 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 ...
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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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All auctions of coal mines will be for sale of coal only No restriction on utilisation of coal Mineral Concession (Amendment) Rules, 2020, CM(SP) Amendment Rules, 2020 and Coal Block Allocation (Amendment) Rules, 2020 have been notified. National Coal Index implemented to create a transparent market based pricing mechanism.
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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 process of coal block allocation in India involved the government allocating coal reserves to public sector companies and private firms for coal mining and other commercial purposes. The Comptroller and Auditor General (CAG) of India conducted an audit and found that the process lacked transparency and had been manipulated to favor certain ...
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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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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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Since 1993,allocation of captive coal blocks was being done on the basis of recommendations made by an interMinisterial Screening Committee which also had representatives of State governments. Taking into account the increasing number of applicants for coal block allocation,the Government,in 2003,evolved a consolidated set of guidelines to ...
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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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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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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 some respects subjective.
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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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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 ...
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3. Allocation process. 4. Block Dossier. 5. Auction. 6. Allotment. 7. Allotment on the basis of tariff based competitive bidding for power projects. 8. Procedure after declaration of successful bidder or successful allottee. 9. Reauction and reallotment. 10. Arrangements for optimal utilisation of coal blocks. 11.
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Following the Supreme Court judgement of 2014 cancelling the allocation of more than 200 captive coal blocks, the government quickly brought in legislation and began the process of their reallocation.
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The Coalgate Scam was unearthed by the CAG report on allocations of coal blocks. CAG report alleged that a loss of Rs. lakh crore was caused to the exchequer because of a nontransparent and discretionary allocation process. The beneficiaries of the scam are private players who have made windfall gains and have received highly valuable natural resources at almost free of cost.
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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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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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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 Latest breaking news, pictures, photos and Video News. Find Coal Block Allocation news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. ... CBI court orders further probe into Jharia coal blocks bidding process. January 08, 2023 7:01 am. In its reply, the CBI acknowledged that as per ...
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