Diversification of Coal India Limited (CIL) As part of Diversification initiatives of the Ministry, Coal India Limited is being diversified for sustainable future business operations like New Business Areas (Aluminium, Power, Solar wafer, Solar Power Renewable), Expansion of Core business (1 BT) etc., 6. Sustainability in Coal Sector:
of coal to small, medium and other consumers 14 states have nominated 18 State Agencies, of which 09 Agencies have signed FSA for a quantity of million tonnes. EAuction of coal Coal India Limited Coal is being regularly sold through electronic auction (eauction) route at a market driven price in accordance to the NCDP provision.
Posted On: 02 AUG 2021 3:51PM by PIB Delhi. Auction of coal mines is a continuous process. Success of auction process depends on the response received from bidders. Following policy measures have been undertaken for providing more flexibility to the prospective bidders: (i) Amendments have been made in the Coal Mines (Special Provisions) Act ...
to allocate coal blocks by a process of competitive bidding, but chose not to. Windfall gain of rupees 185,591 crores (US Billion) FIRMS ELIGIBLE FOR A COAL ALLOCATION. Nationalisation of coal mining industry between 1972 and 1976. Coal. India. Limited (CIL) and. Singareni. Collieries. Company (SCCL) responsible for coal production
Auction/Allotment. Coal mining in India has been metamorphosed as far as the policy framework is concerned. From an earlier restrictive model, we have moved on to granting coal mining blocks pursuant to a competitive bidding process, and from prescribing specific enduse to permitting commercial sale of coal. The auctionbased regime introduced ...
New Delhi | Updated: October 19, 2020 12:38 IST Follow Us While there have been several convictions in the wide range of coal blocks cases, this is the first time that an NDA minister has been convicted.
![[Indepth] [Updated] Coal Sector in India IAS EXPRESS](/bs2qdyc/197.jpg)
This will standardise the process and address the discretionary nature of the process. Online Coal Clearance System: Developed by the coal ministry to enable easier submission and clearance of applications to the ministry. CAMS: Coal Allocation Monitoring System. It is to monitor the allocation process and improve transparency.
Coal allocation scam or Coalgate as referred by the media, is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of ...
Coal allocation scam or Coalgate, is a political scandal concerning the illegal allocation of the nation's coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of allocating ...
Coal block allocation: chronology of events; July 14, 1992. A number of coal blocks, which were not in the production plan of Coal India Ltd and the Singareni Collieries Company Limited (SCCL ...
Production in India has largely been restricted to staterun Coal India Ltd and another smaller governmentcontrolled company. While coal still accounts for over 70% of India's power production ...
The Government approved the fading away of the existing Letter of Assurance (LoA) Fuel Supply Agreement (FSA) regime and introduced Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI), 2017, which was issued by the Ministry of Coal on 22 May 2017. The Government also approved amendments to the SHAKTI Policy ...
Need for Coal Gasification: Abundant indigenous Coal Source Source: GSI Coal Inventory 2020 2 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 Proved Indicated Inferred Total Coking Thermal Total Coal Resources in India (Million tons) • It is evident that India has huge reserves of coal, it would be beneficial for India if it ...
Main features of the Policy Guidelines are as follows: Only the following types of lands will be considered: Lands which are no longer suitable or economically viable for coal mining activities; or Lands from which coal has been mined out / decoaled and such land has been reclaimed.
As secretary of coal to the government of India over 200608, a period when several of the questioned allocations took place, he was directly implicated in the scandal.
Coal Allocation: The full story Coal mines in India are being opened for commercial mining for the very first time. While launching the auction process, the Prime Minister said coal mining will pave the way for development in the tribaldominated areas. But many experts believe that it will lead to natural calamities, displacement, and pollution
In comparison Coal India produced 462 million tons of coal. Some Indian companies and also CIL have acquired coalmines overseas to ensure continuous supply. Procedure established till now in Coal Mining ... Allocation process was arbitrary, discretionary and nontransparent.
2. About 194 blocks were allocated to private establishments in this manner. 3. This political scam took centrestage when the Comptroller and Auditor General (CAG) of India report in 2012 highlighted that the failure to auction 194 coal blocks amounted to huge losses to the Indian government. 4.
The Coal allocation scam, dubbed in media as Coalgate, is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise (PSEs) and private companies.
Recently announced Reforms in Coal Sector. Commercial mining of coal allowed, with 41 blocks to be offered to the private sector. The coal mines being auctioned are located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra and Odisha. They include partially and fully explored mines. Simplified the process of the mining plan approval ...
It is a process in which coal is partially oxidised with air, oxygen, steam or carbon dioxide to form a fuel gas. This gas is then used instead of piped natural gas, methane and others for deriving energy. India has a reserve of 307 Billion tonnes of thermal coal and about 80% of coal produced is used in thermal power plants.
The government of India in the coal block case was questioned for going beyond their powers as given by the statutes which govern the coal and natural resources mining in India. The government wrongly took initiative of allocation of coal blocks without any auction. ... The whole process of allocation of coal blocks has been a huge example of ...
A list of 143 coal blocks was prepared initially and inflated to 216 later. At that time, there were no concrete guidelines for allocation of coal blocks as coal mining was largely restricted to PSUs and many geographic locations were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003.
During the investigation process, Indian Police conducted raids across 10 cities to comprehend the misappropriation in the allocation of coalfields. Even government officials and toplevel officials of the involved companies are under scrutiny (Srinivas, 2012; India News Bulletin, 2012).
Prime Minister Narendra Modi coal mining leases was finalised and approved by the government in February 2018. Since Coal India Limited's production is unable to meet the demand of noncaptive industry requirement of coal, there has been a surge in import of coal.
[Section 9A] After taking into consideration the report, if any, the Central Government shall make a declaration with respect to acquisition of the land. Such declaration must be made within three years of the notification, and shall be published in the Official Gazette.
Despite India being the world's fourthlargest country in terms of availability of coal reserves, we still import around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore.
commissioned by Coal India in 2017, domestic coal demand was estimated to be 1,300 1,900 MTPA by 2030. Transportation of such high coal volume and creating ... planned as part of the mine allocation process. Coal Logistic Policy 2022 Page 5 b. Arrangements of relevant business models need to be encouraged for the
June 2012: Coal ministry forms an interministerial panel to review the process of allocation of blocks and to decide either on deallocations or forfeiture of bank guarantees. The government has ...
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