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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Explained: What is the coal scam all about in which former Jharkhand CM Madhu Koda was held guilty
The Draft Report covers the following topics:. The issue has received massive media reaction and public outrage. CAG observed the revenue secured from the allottees for allocation was much less than what could have been if there was competitive bidding—hence presumptive loss to the exchequer. Worst fears of power companies come true”.
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.
CAG REPORT ON COAL BLOCK ALLOCATION PDF
Let us examine why these defences are on shaky ground. From Wikipedia, the free encyclopedia. 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.
The illegal coal blocks allocation took place during Congress-led UPA’s rule between and and was dubbed as Jharkhand coal scam that stirred cpal huge political controversy.
During reporrt term, Rai disclosed some of the biggest corruption scams of all times. But, now the new coal scam is Rs Click here to read full coverage. Congress questions need for CAG meet on coal block allocation 21 Sep Note that while the Report does note p.
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.
It seems that Congressmen have started toeing the line shown by party chief Sonia Gandhi about how to combat allegation on UPA government especially on Prime Minister over allocation of coal blocks to private firms. Photo Features In Pics: Another coal-to-liquid block — North of Akrapal allocated to the Strategic Energy tech System Limited, which is a joint venture between the Tata group and South African firm Sasol has also been de-allocated.
In a free and fair bidding process, these profits should have gone to the government. Retrieved 16 March The Draft Report, stretching to over pages—far more detailed and containing more explosive allegations than the toned-down Final Report of some 50 pages—was the document that sparked the Coalgate furor.
Will the high-ups be probed? Archived from the original on 14 September Supreme Court stayed the trial court’s order summoning Manmohan Singh. As the Opposition paralysed Parliament over the CAG report on coal block allocations, Prime Minister Manmohan Singh said the government is ready for any discussion and give satisfactory answers to all issues raised.
Scanfal other government in India has been criticized in such words. In Aprilthe Standing Committee on Coal and Steel in its report tabled in Parliament said that allocation of coal blocks between and was done in an unauthorised manner. xcandal
On the very next day, Prime Minister’s Office PMO sent a letter to the coal secretary on 6 Februaryrecommending allotment of coal blocks to the company. Out of the above blocks, 24 blocks were de-allocated three blocks intwo blocks inone block inone 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.
Retrieved 22 March October Learn how and when to remove this template message. The CAG is at it again. Union finance minister P. Results of the coal allocation program The response submitted in response to the PIL at Orissa on the allocation rreport between and was spectacular, with some 44 billion metric tons of coal being allocated to public and private firms.
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It also appointed Rajinder Singh Cheema Ex.