COALGATE SCAM PDF

Find Coal Scam Latest News, Videos & Pictures on Coal Scam and see latest updates, news, information from Explore more on Coal Scam. The case pertains to irregularities in the allocation of Moira and Madhujore (North and South) coal blocks in West Bengal to VMPL. Coal mining firms that present a fait accompli to justify mining in areas for which clearances are yet to be granted may end up losing the coal blocks allocated to.

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You may have well laid down policy but was it implemented? Defending the coalfield allocation process, over which the government has been accused of wrongdoing, the Congress again rejected the demand for the cancellation of mine allotments and said that no one benefited from coal allocation as it cannot be sold.

Other parts of the report, however, suggest that while an administrative decision might be sufficient legal basis for instituting competitive bidding, the “legal footing” of competitive bidding would be improved if the statute were amended to specifically provide for it. The panel has members from other Ministries including Steel and Power.

COALGATE SCAM

A special court in New Delhi on Thursday framed an additional charge of abetment to bribery against industrialist and senior Congress leader Naveen Jindal and others in a coal block allocation case. Press Trust of India.

In this season of scams coalgatee 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. Retrieved 19 September Two other bureaucrats — K. On 24 September, Supreme Court of India decided to cancel out of coal blocks allocated since 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.

India just saved Iran from paying a big tax bill for its oil Updated: Ex-coal secretary, 4 others convicted A Delhi court on Friday convicted former Coal Secretary HC Gupta and four others for allegedly indulging in corruption and hatching a criminal conspiracy for allocation of a coal block in West Bengal.

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The CBI had sought a maximum of seven years imprisonment for the five convicted persons and imposition of a heavy fine on the private firm. The allocation of coal xcam and the previous allotment of 2G spectrum have been the subject of controversy for a while ckalgate.

DMK minister comes under fire”. Court chides CBI for ‘delay’ in producing accused before it 21 May, National Entrepreneurship Awards Hence, coal blocks, with aggregates geological reserves of Govt lost Rs Coal minister Sriprakash Jaiswal cancelled the allotment of coal blocks to four companies and decided to encash the bank guarantee of one of them, the coal ministry said on Thursday, in what seemed to be a tacit admission of a faulty natural resources policy and holding out the prospect of more such terminations.

The ongoing political crisis over alleged corruption in the allotment of coal mines by the current government worsened on Monday after the opposition Bharatiya Janata Party BJP and the Congress, the dominant member of the ruling United Progressive Alliance UPAhardened their stance and launched acerbic attacks against each other.

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All have been held guilty for the offences under the Prevention of Corruption Act and IPC, including cheating, criminal conspiracy and criminal misconduct. Out of the above blocks, 24 coalgats were de-allocated three blocks intwo blocks inone block invoalgate block inthree blocks inand 14 blocks in for non-performance of production by the allocatees, and two de-allocated blocks were subsequently reallocated and to others.

Click here to read full analysis. The CBI today shifted a key officer, who was incharge of coalgae probe into the coal block allocation scam, in view of an allegation levelled against him in the Supreme Court, and appointed Additional Director R K Dutta in his place. Manmohan Singh and Birla [Order — 01 April ]”. So much so that he attended a media conclave in New Delhi a few years ago at the risk of angering the Congress leadership, which had boycotted the event, in an assertion of individuality.

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Lokur and Kurian Joseph directed the CBI to file an affidavit by 6 May regarding the changes that were made in the status report, at whose instance the changes were made, and the effect of these changes on the entire investigation. This premise of the CAG is flawed. The companies which invested money on blocks without getting all clearances took the decision at their own risk, the court added.

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Advocate General, Punjab as the special public prosecutor and Justice Bharat Parashar as the judge of the special court that will hear the case on a day-to-day basis.

While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal. It has pointed out that the allocations between and were done without any advertisement or public information.

The government had formed the IMG last year to review the progress of coal blocks allocated to firms for captive use and recommend action, including de-allocation.

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Retrieved 16 September The Biggest Stories of June 22, Jun 22, From mat to mitti: Nitin Gadkari May 21, The company said has invested Rs. Now the Comptroller and Auditor General of India is checking out some rich coal seams. You won’t be able to use WhatsApp on these devices in The three-judge Bench of Justices R.

Agency official 5 Sep, The neutrality of this article is disputed. Since, 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.

Ltd and Hindalco Industries Ltd, which had been allotted the Tubed coal block in Jharkhand in Augusttwo officials who attended the meeting said on Monday. March Learn coalyate and when to remove this template message.