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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Monday 17 August But, now the new coal scam is Rs The number of missing files was initially pegged at — the number of applications for coal blocks allocation.
Since, under the current dispensation, the allocation of coal blocks is purely administrative in nature, it dcam felt that the process of auction through competitive bidding can also be done through such administrative arrangements.
Most of the reasons boil down to one factor—the inability to pass on the higher cost of imported coal.
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Retrieved 23 March The company said has invested Rs. The other two accused in the case — Goutam Kumar Basak and Soumen Chatterjee — have sought alteration of charges framed against them earlier in view of the high court order.
How the CBI court established the criminal culpability of three senior bureaucrats Among them was former coal secretary HC Gupta, who was sentenced to two years imprisonment under provisions of the Prevention of Corruption Act on Monday. It is not a cancellation. Samria — were also awarded three-year jail term. Conversely, rent seeking is far easier here than in the spectrum case.
For a long time, Prime Minister Manmohan Singh has been held up as an example coalate an sdam leader in a less-than-honest political system. 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:.
Monnet, which is also a partner in the block, also echoed the same. Over the course ofhowever, the question of corruption has come to dominate the discussion. Unlike the telecom sector, the start-up cost of even squatting on a coal-block is ridiculously low: Meanwhile, Jindal Steel and Power Ltd JSPL intends to appeal in court against the government decision to csam the coal block allocated to it, a company source said.
Application sccam Directions filed by Common Cause seeking a probe on the allocation of coal blocks. The government has so far cancelled allocations of seven coalfields based on the recommendations of the group of government officials. This contradicts the submission made by Vahanvati in September, to the effect that the coalgatr of the Central government is only limited to the identification of coal blocks and issuing letters of intent for the identified coal blocks to companies.
Apex court says companies which invested money on coal blocks without getting green clearances took the decision at their own risk.
Therefore, it was coalgat in this meeting to continue with the allocation of coal blocks through the extant Screening Committee procedure till the new competitive bidding procedure became operational. Every delay will lend them the contention of equity.
Out of the above blocks, 24 sdam 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. The government has cancelled the allocation of seven coal fields because the companies delayed mining operations. Gupta, who was the coal secretary from December 31, to Novemberhas already been convicted before cpalgate in two other cases of coal block allocation in which he had been sentenced to jail for two and three years respectively.
Dec 31, If provision is made for competitive bidding in the Act itself or by virtue of rules framed under the Act the bidding process would definitely placed on a higher level of legal footing. He also accused the Coal Ministry of violating its own conditions clause 17 of General Condition of Allocationsaying that the caluse “clearly stipulates that any delay in transferring the land by a government company to the coal block allocatee can be claimed as grace period.
After the accused pleaded not guilty and claimed trial, the court listed the matter for August 31 for further hearing. All News Videos Photos. Bibek Debroy’s blog-The Economic Times.
Former Coal Secretary HC Gupta, four xcam to be sentenced on December 5 A court had found five persons and a company guilty of irregularities in the allocation of coal blocks in West Bengal between and The Enforcement Directorate has attached assets worth Rs crore of a Chhattisgarh-based company in connection with the money coalgatee probe in the coal blocks allocation scam.
Ex-Coal Secretary HC Gupta, two others sentenced to 3 years in jail, get bail soon after Special judge Bharat Parashar also sentenced two others to four years in prison. The parallels with the adverse impact of the 2G scam on telecom stocks are obvious.
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As early asthe government realized that the then prevailing system of allotment of mines was not transparent. 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 of commissioning.
WikiProject Indian politics may be able to help recruit an expert. The three-judge Bench of Justices R. March Learn how coalgatd when to remove this template message.
Press Trust of India. Nitin Gadkari May 21, The essence of the CAG’s argument is that the Government had the authority to allocate coal blocks by a process of competitive bidding, but chose not to.
Apart from the cancellation, operational coagate will have to pay a penalty of Rs.