The Amendment Act seeks to provide for grant of reconnaissance permit, prospecting licence or mining lease in respect of an area containing coal and lignite through auction by competitive bidding, on such terms and conditions as may be prescribed. This, would however, not be applicable in the following cases:
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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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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 process of auction of coal blocks shall be conducted through ...
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A. GUIDELINES. for allocation of coal blocks for captive mining for the specified end uses shall be made to the Director (CAI) in the Ministry of Coal in five copies. The application shall be accompanied by the following in addition to any other relevant documentation that the applicant may submit:
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Date. 1. Directions of the Central Government for auction of coal mines under the CM (SP) Act, 2015. Downloads. File size : KB. File type: PDF. . 2. Minutes of 4th meeting held on under chairmanship of Additional Secretary (Coal) to identify additional coal / lignite blocks for allocation under rule 3 (2) of the Coal ...
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What the coal blocks cases are about? In the early 1990s, the government decided to allocate to private companies coal blocks and a list of companies was prepared. In March 2012, a leaked draft report of the Comptroller and Auditor General (CAG) revealed irregularities in the allocation and pegged the loss to the exchequer at Rs lakh crore.
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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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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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New Delhi: A day after the Congress accused the Modi government of reversing the longstanding policy of competitive auction for coal block allocation, the government has issued a rebuttal, saying that the coal blocks whose allocation was cancelled by the Supreme Court in 2014 are being put on auction via a "transparent" mechanism. "Ministry of Coal has clarified that after cancellation of 204 ...
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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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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 ...
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Now, the sector has been opened up for commercial coal mining by private players in 2020 and first ever successful auction of commercial mining was launched by the Hon'ble Prime Minister on and concluded with allocation of 19 coal mines. Read More 1 2 3 4 5 6 7 ›› Last » This is the official website of Coal Ministry, Government of India.
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1 In this article, Akshita Rishi who is currently pursuing IN BUSINESS LAWS, from NUJS, Kolkata, discusses the rules that govern the allocation of Coal Blocks in India. Introduction We often talk about conservation of our natural resources as they are limited in nature.
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Chapter I Short Title and Commencement 1. Short title and commencement. (1) These rules may be called the Coal Blocks Allocation Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions. (1) In these rules, unless the context otherwise requires,
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an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017, to permit FDI under automatic route in coal mining activities Press Note 3 of 2020, prescribing prior Government approval if FDI is by an entity from a country which shares
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Jamkhani, which has 114 million tons of mineral reserves, was awarded to Vedanta Group in February 2020, nearly six years after the Supreme Court cancelled its allocation. It was amongst the 214 coal blocks deallocated vide the apex court's September 2014 judgement. Before the deallocation, the coal block was owned by another corporate ...
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India imports around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore. The 41 mines opened for auction now can hit a peak production of 225 mt in 202526, saving foreign exchange. A High Powered Expert Committee (2017) recommended a shift from the allocation of coal blocks for own consumption to commercial mining.
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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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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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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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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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It is ironic that two of the biggest defaulters in the SDR scheme are also involved in this coal block allocation case, but because of the deaths, they have escaped the dragnet. ... It is to the BJP's credit that it decided to auction these disputed coal mines through a fair and transparent process. But only a series of convictions will act ...
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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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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), were identified and a list of 143 blocks...
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New Delhi | Updated: October 19, 2020 12:38 IST Follow Us While there have been several convictions in the wide range of coal blocks cases, this is the first time that an NDA minister has been convicted.
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•Auction process successfully completed for 28 coal blocks. 5 Second Attempt of Auction •Total 11 mines on offer 4 mines under Tranche 12 of CM(SP) Act 2015 and 7 ... an offence relating to coal block allocation and not sentenced with imprisonment for more than 3 (three) years Press Note 4 of 2019, amending the FDI Policy 2017,
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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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The Parliamentary Standing Committee report on coal blocks allocation was tabled in the Parliament last week. "The Committee observe that whole procedure adopted by the Government for distributing coal blocks betrays the confidence of the people of our country reposed in the Government. The Committee feel that entire decision making process for distribution of coal blocks needs investigation ...
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March 7, 2015 Earlier this week, Lok Sabha passed the Bill that provides for the allocation of coal mines that were cancelled by the Supreme Court last year. In light of this development, this post looks at the issues surrounding coal block allocations and what the 2015 Bill seeks to achieve.
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1. Short title and commencement. (1) These rules may be called the Coal Blocks Allocation Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions. (1) In these rules, unless the context otherwise requires, . (a) "Act" means the Mines and Minerals (Development and Regulation) Act ...
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The draft Coal Blocks Allocation Rules is hereby placed in the website of the Ministry of coal (). The members of the public and stakeholders concerned are requested to submit their comments and suggestions on the draft Rules to the email id: upto 15:0O hours of Encl.: Draft Coal Blocks Allocation Rules.
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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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At the outset, Vahanvati said deallocation process for the coal block allocation made between has been put on motion and the private parties to whom allocation has been made for 61 ...
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CAG recommended that the allocation process should be made more transparent and objective, and done through competitive bidding. Following this report, in September 2012, a Public Interest Litigation matter was filed in the Supreme Court against the coal block allocations. ... (ii) if they are convicted of an offence related to coal block ...
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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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