The Jharkhand coal scam had hit the headlines in after an audit report by Comptroller and Auditor General of India (CAG) revealed that. The coal allocation scam, popularly known as ‘Coalgate’ in media. At the initial report of CAG only said that the blocks of coal could have been allocated with. The government’s thrust after the coal scam report by the Comptroller and Auditor General of India (CAG) is in the direction of cancelling allocations of coal.
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A total of blocks were allocated between andbut some were taken away at different points in time. The court, monitoring the CBI probe into the coal scam, asked the agency not to disclose probe details to the government. Cat this season of scams and scandals, while the limelight has been hogged by politicians and their shenanigans, there is another branch of our public life which has escaped any censure.
Indian coal allocation scam
Subsequently, Supreme Court decided to set up a special CBI court where all coal block allocation cases will be tried. This article may be in need of reorganization to comply with Wikipedia’s layout guidelines. Retrieved 21 Cpal The presumptive loss was factored in to estimate the windfall gains to allottees first at Rs Will the high-ups be probed?
Apart from the cancellation, operational mines will have to pay a penalty of Rs. Supreme Court of India. Press Trust of India.
A look at the coal block allocation controversy that has kept Parliament deadlocked amid a probe by the CBI. The two companies, whose 4 blocks figure in the list of 11 to be de-allocated, said that they are being punished for no fault of theirs. As the scam was unearthed, the tag of corruption got attached to the Congress government, something that the party, now out of cay, is still fighting to shrug off.
Out of these, it has recommended de-allocation of 13 ocal blocks and encashment of bank guarantees of 14 allottees. Singh addresses the question of legal authority in paragraphs 14—18 of his Parliamentary statement:.
It all started with his report seven years ago. Svandal, under the current dispensation, the 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.
In the meeting the representatives of state governments were opposed to the proposed switch over to competitive bidding. The Central Bureau of Investigation CBI has registered new cases of alleged financial irregularities against two companies that were allotted coal blocks between Spend up to Rs 60, pay next month Instagram accidentally rolls out major change in app, pulls it back Xiaomi Redmi Note 6 Pro with powerful Snapdragon accidently leaks on Flipkart Facing call drops?
The beneficiaries include some private companies, as well as some public sector units, in industries such as power, steel and cement. The agency has filed 14 FIRs and two preliminary enquiries so far in this connection.
NewsApp Free Read news as it happens Available on. He requested court to appoint a retired judge and police officer of impeccable integrity to overlook cozl investigation. Lalu rubbishes corruption charges in railway hotel sale case, says it’s a BJP conspiracy. Every delay will lend them the contention of equity.
Jharkhand Coal Scam: All You Need To Know
BJP 26 Aug Activist lawyer Prashant Bhushan, sought creation of a special investigation team to probe the case as it involved “very powerful personalities in the present government who were either in charge of the allocation process or who influenced the process to get allocation to their favoured entities”.
Special public prosecutor, judge appointed”. In fact, there was no legal impediment to introduction of transparent and objective process of competitive bidding for allocation of coal blocks for captive mining as per the legal opinion of July of the Ministry of Law and Justices and this could have been done through an Administrative decision. 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 enterprise PSEs and private companies.
Parikh, who was then member, energy, at the Planning Commission. Following the startling revelations in the CAG report on power and telecom, ministers, even the prime minister, are under scanxal scanner. Amid media reports scanral undue benefits of Rs. The CAG devotes ten pages of its report to reviewing the legal basis for an auction, and comes to the following conclusion:.
After being censured by the Comptroller and Auditor General of India CAG for alleged irregularities in the allocation of captive coal blocks to companies, the coal ministry has asked the allottees to submit details related to the projects for which the fields were awarded to them. The CAG, Singh argued, had simply ignored the practical realities of policy implementation in their accusation that the Government did not move fast enough in transitioning to competitive bidding.
Retrieved 16 September Medias this blog was made to help people to easily download or read PDF files. cal
There was no transparency in the allocation process and the exchequer reporf not get any revenue from allocation of the blocks. For Monnet, Urtan North and Rajagamar Dipside blocks are supposed to be the captive raw material source for its over a million tonne steel plant in Chhattisgarh’s Raigarh, which is now in final stages of commissioning.
The one big similarity between the two is the starting point of the scam: However, the CAG’s observation is based on a selective reading of the opinions given by the Department of Legal Affairs. Retrieved 31 May Monnet, which is also a partner in the block, also echoed the same.
How marketplaces are sandal be affected 10 key moments that changed the course of India Inc in New e-commerce rules: Archived from the original on 31 May Union finance minister P.
One of these blocks was awarded to Jindal.
If reort most important charge made by the CAG was that of the Government’s legal authority to auction the coal blocks, the one that drew the most attention was certainly the size of the “windfall gain” accruing to the allocatees. The proposal for allocation of coal blocks through competitive bidding was mooted for the first time a couple of years ago.
Archived from the original on 17 September