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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The decisions have been taken after careful consideration, a top coal ministry official told The Indian Express. In the present case, the court had on August 19, framed charges, including cheating and criminal conspiracy against Gupta, the two public servants, the firm and its two officials.
He cowlgate court to appoint a retired judge and police officer of impeccable integrity to overlook the investigation. A look at the coal block allocation controversy that has kept Parliament deadlocked amid a probe by the CBI.
Coal Scam | Full Coverage
Please use a genuine email ID and provide your name. Initially, the Government had initiated a proposal to introduce competitive bidding by formulating appropriate rules. After being censured by the Comptroller and Auditor General of India CAG for alleged irregularities in the allocation of captive coal blocks to companies, the coal ministry coalgzte asked the allottees to submit details related to the projects for which the fields were awarded to them.
Related Stories Coal blocks on offer Private firms made windfall gain cozlgate Rs 1.
The principles of valuation can also be used to attempt to elucidate the conceptual source for the considerable disagreement with respect to the loss numbers put forward in the CAG report. Until the other day—that is before the Supreme Court delivered its advisory opinion—the dominant view was that all scarce natural resources should be auctioned, otherwise the allocation would be tantamount to causing loss to the exchequer.
Archived from the original on 16 September TomorrowMakers Let’s get smarter about money. All News Videos Photos.
An accused in the coal scam, he had ruled Jharkhand from to Special public prosecutor, judge appointed”. Over the Summer ofresulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption.
The CAG says that competitive bidding could have been introduced in by amending the existing administrative instructions. Terms Calgate About Us Subscribe. Relevant discussion may be found on the talk page.
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It also appointed Rajinder Singh Cheema Ex. Basak and Chatterjee were earlier put on trial on the charges of cheating, forgery and other offences under Scsm and under provisions scan the Prevention of Corruption Act for allegedly giving a misleading report regarding the production capacity of PIL.
The beneficiaries include some private companies, as well as some public sector units, in industries such as power, steel and cement. CBI had sought a maximum of seven years imprisonment for the five convicted persons and imposition of heavy fine csam the private firm.
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.
Archived from the original on 14 September Following this, the Coal Ministry had asked the owners of these blocks to make a presentation before the IMG on achievement of milestones and reasons for delays. The company has been able to recoup its investment in the power project owing to a couple of factors.
Coal scam: fait accompli no ground for not cancelling coal blocks, says SC
The petition followed a Comptroller Auditor General of India reports that said the government exchequer incurred a loss of Rs 1. However, the Ministry of Coal went ahead for allocation of coal blocks through Screening Committee and advertised in September for allocation of 38 coal blocks and continued with this process until Let us examine why these defences are on shaky ground.
The court had on November 30 convicted Gupta, former joint secretary in coal ministry Kropha and the then director CA-I in the ministry Samria. As the opposition paralysed Parliament over the Comptroller and Auditor General of India CAG report on coal block allocations, Prime Minister Manmohan Singh said the government is ready for any discussion and give satisfactory answers to all issues raised.
After the accused pleaded not guilty and claimed trial, coxlgate court listed coalgats matter for August 31 for further hearing. This contradicts the submission made by Vahanvati in September, to the effect that the role 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. Every delay will lend them the contention of equity. CBI be made independent in wake of Coalgate development: Retrieved 14 September Gupta Convicted in Coal Scam Case.
Archived from the original on cialgate May The Opposition alleged that the Government violated all norms to give him coal fields. The ongoing sdam crisis over alleged corruption in the allotment of coal mines by the current government worsened on Monday after the opposition Bharatiya Janata Party BJP and the Congress, the dominant member of the ruling United Progressive Alliance UPAhardened their stance and launched acerbic attacks against each other.
In this way, the rights for the use of the coal block ultimately passed on to KSK. On 24 September, Supreme Court of India decided to cancel out of coal blocks allocated since The sam group IMG examining dcam allocations will meet Monday and Tuesday to make its recommendations on the cancellation of blocks and penalties for their owners for not starting mining, a senior coal ministry official said Friday. Vodafone Business Services Digilogue – Your guide to digitally transforming your business.
The government is likely to use its discretion to allot at least 16 coalfields by December to state-owned companies, coal secretary S. Have you read these stories? 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. The other two accused in the case — Goutam Kumar Basak and Soumen Chatterjee — have sought alteration of charges framed coallgate them earlier in view of the high court order.
The Biggest Stories of June 22, Jun 22, Talking about the to be de-allocated Ramchandi promotional block, he said JSPL’s application for prospecting licence is pending coalgatte Odisha government for more than three years and the state government has not yet “executed PL on one pretext or the other in spite of a number of reminders.