At the outset, Vahanvati said deallocation process for the coal block allocation made between has been put on motion and the private parties to whom allocation has been made for 61 ...
Total coal production from allocated captive/ commercial blocks till March, 2022 is MT and in 202223 till November, 2022 is MT. 2. Allocation of MMDR Mines by Nominated Authority Total of 17 coal mines have been successfully auctioned and vested under MMDR Act, 1957 by O/o Nominated Authority. 3.
The Slow Interview Gaon Connection Survey 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.
Now, the sector has been opened up for commercial coal mining by private players in 2020 and first ever successful auction of commercial mining was launched by the Hon'ble Prime Minister on and concluded with allocation of 19 coal mines. Read More 1 2 3 4 5 6 7 ›› Last » This is the official website of Coal Ministry, Government of India.
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.
1 In this article, Akshita Rishi who is currently pursuing IN BUSINESS LAWS, from NUJS, Kolkata, discusses the rules that govern the allocation of Coal Blocks in India. Introduction We often talk about conservation of our natural resources as they are limited in nature.
The foregoing supports the following conclusions: • The allocation process prior to 2010 allowed some firms to obtain valuable coal blocks at a nominal expense • The eligible firms took up this option and obtained control of vast amounts of coal in the period 200509 • The criteria employed for awarding coal allocations were opaque and in ...
Broad process followed for arriving at the tentative list is detailed out below: Blocks/ mines falling under wildlife protected areas, corridors, heavily built up area have been excluded Blocks/ mines with having over 40% of Green Cover have been excluded
1. Short title and commencement. (1) These rules may be called the Coal Blocks Allocation Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions. (1) In these rules, unless the context otherwise requires, . (a) "Act" means the Mines and Minerals (Development and Regulation) Act ...
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.
The entire process of allocation of coal blocks was done in a "brazen fashion" and officers of the Ministry of Coal abused their positions and acted in "an arbitrary and illegal" manner, a special ...
Earlier this week, Lok Sabha passed the Bill that provides for the allocation of coal mines that were cancelled by the Supreme Court last year. In light of this development, this post looks at the issues surrounding coal block allocations and what the 2015 Bill seeks to achieve.
3. Allocation process. 4. Block Dossier. 5. Auction. 6. Allotment. 7. Allotment on the basis of tariff based competitive bidding for power projects. 8. Procedure after declaration of successful bidder or successful allottee. 9. Reauction and reallotment. 10. Arrangements for optimal utilisation of coal blocks. 11.
Coal Block Allocation Latest breaking news, pictures, photos and Video News. Find Coal Block Allocation news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. ... CBI court orders further probe into Jharia coal blocks bidding process. January 08, 2023 7:01 am. In its reply, the CBI acknowledged that as per ...
Jamkhani, which has 114 million tons of mineral reserves, was awarded to Vedanta Group in February 2020, nearly six years after the Supreme Court cancelled its allocation. It was amongst the 214 coal blocks deallocated vide the apex court's September 2014 judgement. Before the deallocation, the coal block was owned by another corporate ...
All auctions of coal mines will be for sale of coal only No restriction on utilisation of coal Mineral Concession (Amendment) Rules, 2020, CM(SP) Amendment Rules, 2020 and Coal Block Allocation (Amendment) Rules, 2020 have been notified. National Coal Index implemented to create a transparent market based pricing mechanism.
It is ironic that two of the biggest defaulters in the SDR scheme are also involved in this coal block allocation case, but because of the deaths, they have escaped the dragnet. ... It is to the BJP's credit that it decided to auction these disputed coal mines through a fair and transparent process. But only a series of convictions will act ...
The Amendment Act seeks to provide for grant of reconnaissance permit, prospecting licence or mining lease in respect of an area containing coal and lignite through auction by competitive bidding, on such terms and conditions as may be prescribed. This, would however, not be applicable in the following cases:
Allocation process was arbitrary, discretionary and nontransparent. There was no consideration of Merit, no Price discovery mechanism for national resources. ... The CCEA approved the methodology for auction of coal mines/ blocks for sale of the commodity on 20 February 2018. The move has been defined as the most ambitious reform of the sector ...
COAL BLOCK ALLOCATION. Mines and Minerals (Development and Regulation) Act, 1957 . ... Commercial coal block auctions are conducted in a twostage online bidding process, which involves technical screening and submission of competitive initial price offer in the first stage, and a second and final stage where better price offers are intended to ...
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