WEBFurther, though the Government of India (GOI) has notified certain sectors which may undertake captive mining of coal, the process of alloion of coal mines should be objective and transparent.
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WEBSep 23, 2014 · The Coalgate Scam was unearthed by the CAG report on alloions of coal blocks. CAG report alleged that a loss of Rs. lakh crore was caused to the exchequer because of a nontransparent and discretionary alloion process. The beneficiaries of the scam are private players who have made windfall gains and have .
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WEBBirla has been booked as the representative of Aditya Birla Group and his group company Hindalco, an aluminium maker, for alleged corruption in the alloion of two coal blocks in Talabira in ...
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WEBMar 4, 2015 · The audit noted that while an interministerial screening committee decided on the alloion of coal blocks to endusers in the private sector, the "minutes of the steering committee did not indie how each one of the applicants for a particular coal block was evaluated", rendering the process nontransparent.
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WEBNow, the sector has been opened up for commercial coal mining by private players in 2020 and first ever successful auction of commercial mining was launched by the Hon'ble Prime Minister on and concluded with alloion of 19 coal mines. Commercial coal block auctions are conducted in a twostage online bidding process, which ...
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WEBAug 18, 2013 · June 2012: The Central Vigilance Commission asks CBI to inquire into the coal block alloion process between 200609. CBI files Preliminary Enquiry . September 2012: Expanding the scope of the investigation,the CBI widens probe into alleged irregularities in alloion of coal blocks between 1993 and 2004.
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WEBJul 8, 2020 · The Coalgate scam has been a negative mark on the UPA tenure in India from as it laid out all the wrongdoings by the ruling government. The scam is about a scandal in the alloion of coal blocks to the competing companies, that lacked the proper procedure of auctions through which the highest bidder could get the block.
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WEBJan 19, 2018 · The panel will also suggest changes in the future coal block bid process in its report to be submitted within a month. Benchmarks . Nifty 22, Precious Metal . ... coal blocks Piyush Goyal Union Bank of India coal blocks alloion SBI (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live .
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WEBOct 7, 2020 · The court also held CTL, Agarwalla and CML guilty for the offence under IPC Section 379 (theft) and 34 (common intention). As per CBI's case, a criminal conspiracy was hatched by private parties and public servants involved in the process of alloion of Brahmadiha coal block, which was "not an identified captive coal block to be alloed .
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WEBSep 30, 2015 · In view of this and pursuant to the recent judgment of the Supreme Court on cancellation of coal mines alloions, a major overhaul of the alloion process prescribed under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) was long overdue to ensure mine alloion and monetization of minerals in the .
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WEBYou can find information related Tenders, Notices, latest updates pertaining to Ministry of Coal, Government of India. भारत सरकार; Government Of India; Skip Main Content ... Laxmi Nagar, on 30 July, 2007 in Shastri Bhawan and on 13 September, 2007 in Shastri Bhawan, New Delhi to consider alloion of Coal Blocks earmarked for ...
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WEBMar 8, 2021 · The MMDR Act regulates the overall Mining Sector in India. The Coal Mines (Special Provisions) (CMSP) Act provides for the auction and alloion of mines whose alloion was cancelled by the Supreme Court in 2014. The Mineral Laws (Amendment) Bill, 2020, was introduced in Lok Sabha on 2 March 2020.
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WEBAug 25, 2014 · June 2012: Coal ministry forms an interministerial panel to review the process of alloion of blocks and to decide either on dealloions or forfeiture of bank guarantees. The government has ...
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WEBApr 16, 2013 · The coal alloion scam involved the inefficient alloion of India's coal deposits to public and private companies by the government between . Around 194 coal blocks were alloed without an open auction process, resulting in potential losses of over 33 billion to the Indian exchequer.
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WEBFeb 20, 2020 · Brief facts: The Coal Alloion Scam, Or 'Coalgate' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012.; In March 2012, a draft report of CAG accused the government of "inefficient" alloion of coal blocks between 2004 and 2009 and estimated the windfall gains to allottees at Rs .
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WEBFeb 19, 2015 · READ LATER. The Central Bureau of Investigation (CBI) on Thursday submitted before a Delhi court the final report on the investigation into a coal block alloion scam case in which Aditya Birla ...
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WEBSep 24, 2014 · The apex court had on August 25 held that all coal blocks alloion since 1993 by various regimes at the Centre have been made illegally and arbitrarily. NEW DELHI: The Supreme Court cancelled almost all coal blocks given to private companies since 1993, delivering a severe blow to firms that invested heavily in power stations and .
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WEBSep 3, 2012 · The CAG report also pointed out how mindless alloion of coal blocks to private companies caused huge losses to public sector company Coal India Limited (CIL). The guidelines for alloion clearly state that coal blocks offered to the private sector should be "at reasonable distance from existing mines and projects of CIL in order to .
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WEBAug 25, 2014 · In what is bound to overhaul the entire process of mining of the mineral, which the court described as "black diamond" and "extremely important element in the industrial life of developing India", a threejudge bench ruled that the whimsical and nontransparent procedure of alloion had resulted in "unfair distribution of the national .
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WEBThis is the 14th conviction in the coal alloion scam. | Latest News India. ... has been sentenced to three years of rigorous imprisonment and fined ₹5 lakh in a coal block alloion case ...
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WEBDec 28, 2022 · COAL BLOCK ALLOCATION. Mines and Minerals (Development and Regulation) Act, 1957 ... Commercial coal block auctions are conducted in a twostage online bidding process, which involves technical screening and submission of competitive initial price offer in the first stage, and a second and final stage where better price offers .
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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