Final CAG report on Coal Block allocation. The final report of the Comptroller and Auditor General of India, which states that there was a likely gain of Rs 22 Mar An initial audit report estimating Rs lakh crore loss to the exchequer on account of allotment of coal blocks during to without. 7 Sep THE ‘COALGATE’ CONTROVERSY. The Comptroller and Auditor General of India (CAG) in its report on ‘Allocation of Coal Blocks and.

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Please contact customerservices lexology. The CAG is at it again. The Comptroller and Auditor General in cag report on coal block allocation recent report has estimated undue benefits to the tune of Rs 1. Over the course ofhowever, the question of corruption has come to dominate the discussion. Government looks to award coal blocks on production or revenue sharing model 24 Dec, Standing Committee on Coal and Steel tabled in Parliament on 23 April stated in its latest report that all coal blocks distributed between and were done in an unauthorized manner and allotment of all mines where production is yet to start should be cancelled.

Report on coal block allocation misleading: CAG – Business

As per the IMG’s recommendations steel maker SAIL is among the five acg to lose bank guarantees for delay in developing allotted blocks. Manmohan Singh and Birla [Order — 01 April ]”. Retrieved 19 September It is a government of cag report on coal block allocation Alleged scams in India. A report of the parliamentary standing allocstion said that the allocation of blocks between and had been unauthorised.

Did you find this report valuable? They were, however, granted bail on the same day and could now challenge the sentence in High Court. Retrieved 6 March The beneficiaries include some private companies, as well as some public sector units, in industries such as power, steel and cement.

How long can PM hold on to Ashwani Kumar? In wake of the controversy generated by the CAG Report the Government of India GoI is looking to cancel likely up to 58 captive coal block allocations for the failure by the allottees to meet timelines for starting coal alolcation a list of captive coal blocks facing cancellation is attached.

CAG report on allocation of coal blocks and augmentation of coal production – Lexology

From this record, the CAG draws the following conclusions:. Please do not remove this message until conditions to do so are met. It was only in August that the Department of Legal Affairs opined that competitive bidding could be introduced through administrative instructions.

The presumptive loss was factored deport to estimate the windfall gains to allottees first at Rs To soon start questioning officials including Congress MP Darda. Retrieved 27 July In the leaked report on allotment of coal blocks, CAG had estimated a “windfall gain” of Rs 6. Why the Sancheti deal weakens the BJP’s attack”.

Commerce Ministry to replace exportsubsidy schemes banned at WTO. In fact, there was no legal impediment to introduction of transparent and objective process of competitive bidding for allocation of coal blocks for captive mining as per the legal opinion of July of the Ministry of Law and Justices and this could have been done through an Administrative decision.

Thus government manage to control the CBI. The CAG Report also notes that although allotment of captive mines was done in order to increase coal production to meet growing energy needs, the allottees have failed to commission these mines in time.

Therefore, aggregating the purported financial gains to private parties merely on the basis of cag report on coal block allocation average production allocatlon and sale price of CIL could be highly misleading.

Report on coal block allocation misleading: CAG

The reason why the CVC can interfere is because of this administrative control. FlightPlan offers a new allocxtion on the milestone moments in the life of aviation stalwarts.

A collection cag report on coal block allocation rarely heard stories of women who take up the gun, from five troubled regions of India.

The Mine Plan approval letter is pending for issuance with Ministry of Coal for more than six months,” the company said.

However Mr Gupta maintains he had no involvement in IST Cay and denies influencing the coal-block allocation process. Longest ‘blood moon’ eclipse to dazzle skygazers.

India September 7