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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The Central Bureau of Investigation CBI has registered new cases of alleged financial irregularities against two companies that were allotted coal blocks between Over the course ofhowever, the question of corruption has come to dominate the discussion. Therefore, aggregating the purported financial gains to private parties merely on the basis of the average production costs and sale price coalgxte CIL could be highly misleading.
You may have well laid down policy but was it implemented? However, the Ministry of Coal went ahead for allocation of coal blocks through Scan Committee and advertised in September for allocation of 38 coal blocks and continued with this process until 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.
Both as a politician and a businessman, the Congress member of parliament in the Lok Sabha has become known for allying himself to causes that reach beyond party lines but csam reinforce his reputation as a tenacious lobbyist.
The few good ones and the many dcam that could have been Data check: 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. A special court has ordered the framing of an additional charge of abetment of bribery against Congress leader and industrialist Naveen Jindal and others in a case pertaining to irregularities in the allocation of a Jharkhand coal block.
Samria — were also awarded three-year jail term. As per the IMG’s recommendations steel maker SAIL is among the five companies to lose bank guarantees for delay in developing allotted blocks. For Monnet, Urtan North and Rajagamar Dipside blocks are supposed to be the captive raw material source for its over a million tonne steel plant in Chhattisgarh’s Raigarh, which is now in final stages scaj commissioning.
Over the Summer ofresulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption. A meeting was convened in the PMO on 25 July which was attended by representatives of coal and lignite bearing states. The Biggest Stories of May 22, May 22, It was only in August that the Department of Legal Affairs opined that competitive bidding could be introduced through administrative instructions.
Using the principles of finance used to value assets and companies, one can build a strong case why the defence put forward by Chidambaram is incorrect.
The Joint Plant Committee was set up in by the government to formulate guidelines for production, allocation and pricing of iron and steel and is the only institution which is officially empowered by the Steel Ministry to collect data on iron and steel industry. The number of missing files was initially pegged at — the number of applications for coal blocks allocation.
Supreme Court of India. Govt admits files are missing in coalgate scam 17 Aug, Court finds Gondwana Ispat Ltd, its director, guilty of cheating and criminal conspiracy The quantum of sentence will be announced at 2 pm on Friday.
Fri, Sep 07 His Jindal Steel and Power Ltd JSPL says it has won all its coal blocks purely on merit and lobbying with the government had nothing to do with it, separating Jindal the businessman from Jindal the politician. On July 25,the Supreme Court had approved the appointment of Additional Sessions Judge Parashar as a special judge to exclusively deal with all coal scam cases.
Moreover, the court ordered the government to inform it of reasons for not following the policy of “competitive bidding” for coal block allocation.
The petition, which was filed in by non-profit Common Cause and other eminent citizens, including former cabinet secretary T S R Subramanian, former chief election commissioner N Gopalaswami, has questioned the legality of allocation of coal blocks to private companies from onwards. The company, which applied for a block on 12 January coaglate, and was awarded it on 17 Juneis sitting on reserves of Why BJP chose to remain silent on court summons to Manmohan Singh in Coalgate The saffron party’s target is no longer the former prime minister – it is the Gandhis.
Let us examine why these defences are on shaky ground. However, JR Power had no expertise in thermal power, iron and steel, or cement, the key sectors for consumption of coal.
The block was allocated on 17 June 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. Conversely, rent seeking is far easier here than in the spectrum case.
CBI had sought a maximum of seven years imprisonment for the five convicted persons and imposition of heavy fine on the private firm. Govt lost Rs Let us assume, for the moment, that the poor farmer benefits from this, although there are many stories of how it is the rich farmers who benefit the most.
They state counsels said that coal block allocation cialgate entirely controlled and regulated by the Central government and states have a subordinate role to play. LPG price drops for second straight month, and nine other top stories At once tiny and huge: GSIPL also submitted its application dated 10 January to the ministry for its MW clalgate power plant in Dumka district in Jharkhand, the CBI said, adding that the allocation letter was issued to the two firms on 17 January Apart from the cancellation, operational mines will have to pay a penalty of Rs.
Another coal-to-liquid block — North ccoalgate 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. An engineering, procurement and construction EPC contract works like this: