Allocation of coal blocks for composite prospecting licensecummining lease; It will help in increasing of the inventory of coal, lignite blocks for allocation. Provision for requirement of Approval from Centre Done away; In cases where the allocation or reservation of coal/lignite block has been made by the Central Govt. itself
The Coal Mines (Special Provisions) Act, 2015 is a legislative measure that is focused on the allocation of coal mines. The Act entails the transfer of the rights, ownership, and infrastructure associated with these mines, including mining leases, to successful bidders. The primary objective is to maintain uninterrupted coal mining activities ...
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.
Introduction: The Centre launched the auction of 41 coal blocks for commercial mining, with the Prime Minister formally giving the green signal and expressed optimism that it will help in reducing dependency on imports. The move is aimed at reviving the auction process, which has remained in limbo with only 31 coal blocks having . Continue reading "RSTV: THE BIG PICTURE INDIA'S COAL ...
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. Commercial coal block auctions are conducted in a twostage online bidding process, which ...
The notification empowers the Government to enter upon and survey any land in the locality, dig or bore into the sub soil and do all other acts necessary to prospect for coal in the land. [Section 4] In case of any damage done to the land in pursuance of the above activities, appropriate compensation shall be paid.
uniformity in provisions of all the 3 Acts governing coal block allocation. The Act permitted auction of coal mines for commercial mining by private entities. The ... Out of 38 blocks, the auction process was successfully completed for 19 blocks in November 2020. The ... As the world plans to phase out coal consumption, India had two alternatives:
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 ...
the coal block allocation process and it estimated windfall gains to allotters. The constitutionality of the coal block allocation was challenged before the Supreme Court in ML Sharma v. Union of India. In a landmark decision, the Court set aside the coal block allocations. This judgment has rekindled the debate on coal block allocations.
India: The Coal Ministry has begun the process of allotment of mines to central and state public sector units, starting with the allotment of 36 coal blocks. The Supreme Court had in September 2014 scrapped all but four of 218 coal blocks allocated by the government over the past two decades, in a tougherthanexpected ruling that sank shares of companies that have invested heavily in projects ...
The CAG has not only recommended immediate coal block auction but also an FIPB like single window for clearances among other things. The much awaited Comptroller and Auditor General's report on coal block allocation was on Friday tabled in the Parliament. The report has pegged the loss caused due to allocation of coal blocks at Rs lakh crore.
12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] NOW, THEREFORE, in exercise of the powers conferred by subsection (1) of section 13 and clause ... 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. ... Allocation process.— (1 ...
The 2015 Bill primarily seeks to allocate the coal mines that were declared illegal by the Supreme Court. It provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ministry notified the Coal Mines (Special ...
ED attaches assets worth Rs 603 crore belonging to Vandana Vidyut Ltd. The move by agency was in connection with a coal block allocation case. ED alleged that directors of the firm destroyed forged sale documents. In a crucial development, the Enforcement Directorate today attached assets including factory building, plant and machinery and 23 ...
process of allotment of coal blocks / coal linkages for thermal power projects, Ministry of Power has been issuing necessary communications from time to time. The communication dated 24th March, 2006 (/2003IPC) provided for the following priority in the matter of coal blocks/coal linkage allocation. i.
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 ...
The officials recommended that the word "transparent" should be inserted before the sentence "competitive bidding process" in the Coal Block Allocation Rules of 2017, which state that ...
Check out for the latest news on coal block allocation cases along with coal block allocation cases live news at Times of India
MARCH 2012: COALGATE EXPLODES THE DRAFT REPORT OVERVIEW • • • • • • • • The CAG report is a performance audit focusing on the allocation of coal blocks and the performance of Coal India in the 200509 period. The Draft Report, stretching to 110 pages—far more detailed and containing more explosive allegations than the toned ...
Vinod Rai (2014) details the manner in which a politicised allocation process came into being and subverted the preexisting policy process. The salient features of the coal block allocation episode are as follows. Before the reforms, Coal India Limited (CIL) a public sector firm, held monopoly over coal production, as per the Coal Mines ...
The government of India in the coal block case was questioned for going beyond their powers as given by the statutes which govern the coal and natural resources mining in India. The government wrongly took initiative of allocation of coal blocks without any auction. ... The whole process of allocation of coal blocks has been a huge example of ...
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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