CAG REPORT ON COAL SCAM PDF

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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This page was last edited on 12 Decemberat No other government in India has been criticized in such words. The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year The Urtan North block is also critical to JSPL’s plans as it was supposed to meet per cent of the coking coal needs of its already operational Raigarh steel plant in Chhattisgarh.

August 23,4: It recommended deallocation of all blocks where construction had not started and forfeiture of bank guarantees in others.

What is coal scam?

Retrieved 26 September Coalgate, as it was popularly known snowballed cola a huge political scandal which pulled top leaders and bureaucrats from the previous UPA regime into the probe. Get real-time alerts and all the news on your phone with the all-new India Today app. Retrieved 6 March How long can PM hold on to Ashwani Kumar?

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. The agency alleged that both SPL and GSIPL misrepresented ccoal 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 eeport Septemberhad recommended allocation of Amarkonda Murgadangal coal block jointly to these two firms.

March Learn how and when to remove this template message. Subodh Kant Sahai admits brother’s link with private company, denies any wrongdoing”.

A day after the Supreme Court verdict on the Rafale deal, Public Accounts Committee chairman Mallikarjun Kharge said Saturday he will request all members of the panel to summon the Attorney General and scsm CAG to ask them when was the public auditor’s report tabled in Parliament. 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”.

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Image for representational purpose. He said that between and scores of coal blocks were awarded without issuing any advertisements.

What is coal scam? | What Is News, The Indian Express

West Bengal, Chhattisgarh, Jharkhand, Orissa and Rajasthan that were ruled by opposition parties, were strongly opposed to a switch over to the process of competitive bidding as they felt that it would increase the cost of coal, adversely impact value addition and development of industries in their areas and would dilute their prerogative in the selection of lessees.

The Comptroller and Auditor General is compiling a report on coal blocks allocated to power projects which were initially promised no fuel linkages. However, this was to be done via competitive bidding. Vodafone Business Services Digilogue — Your guide to digitally transforming your business. Pleas for fresh probe filed in SC”. Retrieved 31 May During the presentation, a number of companies pointed to the continued unending delays in land acquisition, getting environmental clearances and regulatory hurdles for delays in development of the mines.

Venkatesan 30 April Moreover, the court ordered the government to inform it of reasons for not following the policy of “competitive bidding” for coal block allocation.

Indian coal allocation scam – Wikipedia

Archived from the original on 14 September Samaria two years in prison for their involvement in the Coal Scam. Govt lost Rs Rwport three-judge Bench of Justices R. Karnataka CAG report detects In a draft report issued in Marchthe Comptroller and Auditor General of India CAG office accused the Government of India of allocating coal blocks in an inefficient manner during the period — The resulting list, a veritable Who’s Who of Indian commerce, ensured that the topic of coal allocations would be one scqm the most written about stories of Friday 28 DecemberA “Toxic” My saved default Read later Folders shared with you.

On 13 March Supreme Court bench responded to rare display of divergence between center and premier investigation agency CBI by asking its director not to share details of coal block scam investigations with political executives and report only to the court. In the meeting the representatives of state governments were opposed to the proposed switch over to ecam bidding. 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.

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Naveen Jindal’s Jindal Steel and Power was the company which was allotted the Talcher coal repodt in Angul in Orissa inwell after the self-imposed cut off date repoft the Centre on allocation of coal blocks. The Centre on Tuesday rubbished the charges made in the CAG report-based petitions alleging huge scam in coal block allocations and said it had put in place four sets of regulatory mechanism which had functioned well to monitor and take corrective measures.

The auditing body said it is “of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on coao. Retrieved 22 March Close on the heels of tabling of three CAG reports, BJP on Friday demanded resignation of the government alleging that scams in the coal, power and airport sectors had exposed the “loot and sca, of the country.

Manmohan should clarify on coal block issue: According to the Comptroller and Auditor General of Scaj, this is a leak of the initial draft and the details being brought out were observations which are under discussion at a very preliminary stage. CAG launches re-audit of 21 coal blocks in Madhya Pradesh.

PAC adopts CAG reports on coal, power and aviation

Reliance Power had reportedly said at the time of the award of contract that since it would be able to use 20 million tonnes from the two blocks, there would be sufficient coal for the Sasan UMPP.

If provision is made for competitive bidding in the Act itself cat by virtue of rules framed under the Act the bidding process would definitely placed on a higher level of legal footing.

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