CAG REPORT ON COAL SCANDAL PDF

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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Coal Scam | Full Coverage

An initial audit report estimating Rs This scandwl to the administrative Ministry has been questioned from time to time for legal sanction. The ministry is preparing to inform the companies impacted by the decision.

The parallels with the adverse impact of the 2G scam on telecom stocks are obvious. State-owned Coal India Ltd CIL expects the government to give it the fields that have been recently taken away from private firms.

Jharkhand Coal Scam: All You Need To Know

Koda and nine others were later granted bail. The specific problem is: A truck carrying coal drives out of an open-cast coal mine at Jharia in Jharkhand. The agency alleged that both SPL and GSIPL misrepresented the facts to the Coal Ministry but the Screening Committee, which used to recommend for allocation of coal blocks to the shortlisted applicant companies, in its meeting held on 13 Septemberhad recommended allocation of Amarkonda Murgadangal coal block jointly to these two firms.

GSIPL also reportt its application dated 10 January to the ministry for its MW scanda power plant in Dumka district in Jharkhand, the CBI said, adding that the allocation letter was issued to the two firms on 17 January In response to the Times of India story there was an uproar in Parliament, with the BJP charging the government with corruption and demanding a court-monitored probe into coal allocations:. Archived from the original on 14 September The government, already under fire for irregularities in the allotment of captive coal blocks, may encounter more trouble, with two consultants and a government official admitting that there have also been significant irregularities in assuring supply of coal to scanndal sector power projects.

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The report said the ministry of coal should urgently go forward with competitive voal for captive coal blocks mining.

The court will announce the sentence against Scandall Koda in a coal scam case tomorrow. Yet, in spite of this common origin, the cases are divergent due to differences in the economics of the two sectors.

Samaria two years in prison for their involvement in the Coal Scam. It the scanddal said that grant of EC is in the “final stage” and the company is hopeful that it will be cleared by EAC in their “forthcoming meeting” to be held later this month. The neutrality of this article is disputed. Retrieved 21 September The coal ministry is sending a stock reply to hundreds of Right to Information RTI applicants, citing the ongoing Central Bureau of Investigation CBI probe as a reason for not being able to provide answers to questions seeking details on the controversial coalfield allocations.

It also appointed Rajinder Singh Cheema Ex.

What is the coal scam all about in which ex-Jharkhand CM Madhu Koda is convicted – India News

Retrieved 6 March Retrieved 18 September The government has offered two key defences in the controversy over coal block allocations.

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An internal debate kicked off with the coal secretary pushing for a 28 June deadline for reforms in the allotment feport. Businessman Naveen Jindala lawmaker who belongs to the Congress, is not new to controversy or even taking a stance independent of his party.

The premium earned by these new companies was estimated to be the true value of the spectrum. In fact, this is the basis of our earlier legal advice.

What is coal scam?

In Junethe Coal Ministry constituted an inter-ministerial panel to review the process of allocation of coal blocks and take a decision on either de-allocating the blocks or forfeiture of bank guarantees. The sentencing and the quantum of punishment will be pronounced on December 14, tomorrow.

However, considering inflation rsport equalling discount rate, the gain calculated reflects the nearly accurate value. Large companies under review by an inter-ministerial group IMG looking into coalfield allocations have had mixed results.

But, now the new coal scam is Rs This according to the administrative Ministry has been questioned from time to time for legal sanction.

Fri, Sep 07 While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal. The Screening Committee had been constituted by means of administrative guidelines. Retrieved from ” https: