The CAG report, leaked to the press in March as a draft and tabled in Parliament in August, is a. Government auditor CAG on Friday said private firms are likely to gain Rs lakh crore from coal blocks that were allocated to them on. Overview. Coal is the most important indigenous source of energy for Indian economy with a geological reserve of 2,85, million tonne and.
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Indian coal allocation scam – Wikipedia
Archived from the original on 7 March Learn how and when to remove these template messages. Alleged scams in India. The ministry is preparing to inform the companies impacted by the decision. 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 caag of July of the Ministry of Law and Justices and this could have been done through an Administrative decision.
Standing Committee on Coal and Steel tabled in Parliament on 23 April stated in its latest report that all coal blocks distributed between and were done in an unauthorized manner and allotment of all mines where production is yet to start should be cancelled.
A report of the parliamentary standing committee said that the allocation of blocks between and had been unauthorised. Interestingly, the Coal Ministry said oh June that there was a substantial difference between the price of coal supplied by Coal India Ltd CIL and the cost of coal produced through coal blocks allocated for captive mining.
Indian coal allocation scam
Advocate M L Sharma filed a Public Interest Litigation PIL in the Supreme Court seeking to cancel the allotment of coal blocks on grounds of arbitrariness, illegality, unconstitutionality and public interest. Now, we have got nothing to do with the allocation but if the government wants to take back the allocation it can do so.
Therefore, aggregating the purported financial gains to private parties merely on the basis of the average production costs and sale price of CIL could be highly misleading.
CAG says bidding process was vitiated by allowing Reliance Power to use excess coal from three blocks allocated to Sasan project. Retrieved 6 March Revamp of coal auction rules: Over the course of the investigation, Supreme Court constituted a special replrt to try all cases related to the coal scam.
PAC adopts CAG reports on coal, power and aviation
He added that many complaints and Reporg have been filed on these issues and state and central governments have been informed about it.
It estimated loss to the exchequer to the tune of Rs Hence, coal blocks, with aggregates geological reserves of Relevant discussion may be found on the talk page. The agency alleged that both SPL and GSIPL misrepresented the facts to the Coal Ministry but the Screening Committee, which used to recommend for allocation of coal blocks to the shortlisted applicant companies, in its meeting held on 13 Septemberhad recommended allocation of Amarkonda Murgadangal coal block jointly to these two firms.
However, scxm is yet to finalise the modus operandi of competitive bidding.
Later, in a letter to Prime Minister Manmohan Singh, the CAG said the details brought out in the daily were observations which were under discussion at a very preliminary stage. Get real-time alerts and all the news on your phone with the all-new India Today app.
CAG report on coal scam: Latest News, Videos and Photos of CAG report on coal scam | Times of India
Monnet, which is also a partner in the block, also echoed the same. Is it a sheer coincidence that a large number of beneficiaries were either politicians or their relatives or associates?
GSIPL also submitted its application dated 10 January to the ministry for its MW independent power plant in Dumka district in Jharkhand, the CBI said, adding that the allocation letter was issued to the two firms on 17 January Views Read Edit View history. Activist lawyer Prashant Bhushan, sought creation replrt a special investigation team to probe the case as it involved “very powerful personalities in reoort present government who were either in charge of the allocation process or who influenced the process to get allocation to their favoured entities”.
Archived from the original on 17 September Coal audit report to be submitted during budget session. Initially, the Government had initiated a proposal to introduce competitive bidding by formulating appropriate rules. On the very next day, Prime Minister’s Office PMO sent a letter to the coal secretary on 6 Februaryrecommending allotment of coal blocks to the company.
Retrieved 6 September Retrieved 18 September Retrieved 23 March Apart from the cancellation, operational mines will have to pay a penalty of Rs. This according to the administrative Acam has been questioned from time to time for legal sanction.
If the 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 block was allocated on 17 June The most important assertion of the CAG Draft Report is that the Government had the legal authority to auction the coal, but chose not allocstion do so.
It said that JSPL had submitted its repodt for coal block allocation in January to the Coal Ministry for securing few blocks earmarked for power sector, including Amarkonda Murgadangal coal block in Jharkhand for its proposed MW captive power plant to be set up at Patratu.