The Jharkhand coal scam had hit the headlines in after an audit report by Comptroller and Auditor General of India (CAG) revealed that. The coal allocation scam, popularly known as ‘Coalgate’ in media. At the initial report of CAG only said that the blocks of coal could have been allocated with. The government’s thrust after the coal scam report by the Comptroller and Auditor General of India (CAG) is in the direction of cancelling allocations of coal.
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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. The company said it has invested over Rs.
The New Indian Express. The CAG, Singh argued, had simply ignored the practical realities of policy implementation in their accusation that the Government did not move fast enough in transitioning to competitive bidding. Among the charges, one of the prime offences was coa of public office, securing pecuniary advantage without public interest and criminal conspiracy.
What is coal scam? | What Is News, The Indian Express
On September 24,Supreme Court quashed allocation of coal blocks. An initial audit report estimating Rs This according to the administrative Ministry has been questioned from time to time for legal sanction. Yet, in spite of this common origin, the cases are divergent due to differences in the repogt of the two sectors. CBI acted on a day the government, seeking to recover lost ground, announced its intent to provide a quota for backward classes in government job promotions.
On 26 April the CBI director Ranjit Sinha submitted an affidavit in the Supreme Court stating that the coal scam status report prepared by the investigating agency was shared with the law minister Ashwani Kumar “as desired by him”, joint secretary-level officers from the Prime Minister’s Office PMO and the coal ministry before presenting it to the court on 8 March  It contradicts the claim made by CBI counsel in SC that the coal scam report was cooal shared with any member of the government.
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.
The number of missing files was initially pegged at — scanal number of applications for coal blocks allocation. CAG 22 Mar Retrieved 14 September It recommended that all “personnel” who have been involved “directly or indirectly” in the allocation process “should be investigated for their role”. Meanwhile, Jindal Steel and Power Ltd JSPL intends to appeal in court against the government decision to de-allocate the coal block allocated to it, a company source said.
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How marketplaces are to be affected 10 key moments that changed the course of India Inc in New e-commerce rules: Special public prosecutor, judge appointed”. The government has offered two repirt defences in the controversy over coal block allocations. Supreme Court of India.
It also said that allotment of mines where production has not started should be cancelled. A meeting was convened in the PMO on 25 July which was attended by representatives of coal and lignite bearing states. Please help improve it or discuss these issues on the talk page. The government is worried that loans given by banks to companies being investigated over irregularities in the allotment of coal mines may turn bad, and has asked them to collate information on such debt.
It was only in August that the Department of Legal Affairs opined that competitive bidding could be introduced through administrative instructions.
Coal Scam | Full Coverage
It had stated that licenses had been issued to ineligible applicants who had deliberately suppressed facts, disclosed incomplete information, submitted fictitious documents and used fraudulent means for getting licenses and thereby access to spectrum. Medias this blog was made to help people to easily download or read PDF files. It also appointed Rajinder Singh Cheema Ex. Now the Comptroller and Auditor General of India is checking out some rich coal seams. Pleas for fresh probe filed in SC”.
The reason why the CVC can interfere is because of this administrative control. Is it a sheer coincidence that a large number of beneficiaries were either politicians or their relatives or associates?
Monnet, which is also a partner in the block, also caag the same.
The essence of the CAG’s argument is that the Government had the authority to allocate coal blocks by a process of competitive bidding, but chose not to. What is coal scam? Most of the reasons boil scandsl to one factor—the inability to pass on the higher cost of imported coal.
One of these blocks was awarded to Jindal.
CAG REPORT ON COAL BLOCK ALLOCATION PDF
SC 25 Aug Union finance minister P. Quoting the Law Secretary in August On 27 Februarytwo private companies got huge coal blocks. 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. Retrieved 16 September However, allocztion Ministry of Coal went ahead for allocation of coal blocks through Screening Committee and reprt in September for allocation of 38 coal blocks and continued with this process until The issue has received massive media reaction and public outrage.
What is coal scam?
Click here to read full edit. The Naveen Jindal Group had allegedly “misrepresented” facts and was shown favour by the Jharkhand Government which dropped other firms from its recommendation for allocation of coal blocks in the state inthe CBI has said in its FIR filed before a court here in Coalgate.
Former Jharkhand chief minister Madhu Koda was found guilty by cagg special CBI court today for illegally ensuring the allocation re;ort a coal block in Jharkhand to a Kolkata-based firm. Every delay will lend them the contention of equity. In the end, the number of allocated blocks stood at GSIPL also submitted its application dated 10 Rreport 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 He was convicted along with two other former bureaucrats in a scandao related to the allocation of a coal mining block in Madhya Pradesh to a private company in May this year.
Much of what he said was riddled with contradictions. A JSPL spokesperson earlier said the company sees “no reason” behind the de-allocation as environment clearance for the coal block in Chhattisgarh was given on Feb BJP 26 Aug