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1. What's the coal block allotment scam all about? Going strictly by the CAG report, 57 captive coal blocks were allotted free of cost to private companies in an arbitrary and opaque manner between 2004 and 2009. The government had decided to go for auctioning of coal blocks by competitive bidding way back in 2004, but did not implement it.
Controller and Auditor General of India(CAG), in August 2012, released a report regarding allocation procedure of coal blocks and major drawbacks in this process till date. He recommended that this process should be more transparent. He also suggested that competitive bidding can make a more objective approach in allocation of coal blocks.
The potential for CO 2 storage in coal seams is lower compared to saline formations, as well as oil and gas fields, but it has the advantage of being economically attractive due to the possibility ...
New Delhi: Former coal secretary Anil Swarup has told ThePrint that former Comptroller and Auditor General (CAG) Vinod Rai was wrong in "determining loss to the public exchequer" in the coal block allocation scam and had made "a public spectacle relying on halftruths". Swarup admitted that there was something wrong in the allocation of ...
Coal sector in India: Despite having the world's fourth largest coal reserves, India imported 235 million tonnes (mt) of coal last year, of which 135mt valued at,000 crore could have been met from domestic reserves.; India's staterun coal giant has been unable to meet growing demand despite abundant resources.; The South Asian nation depends on Coal India for more than 80 per cent ...
The Supreme Court last week asked the Enforcement Directorate to file by July 15 a status report on the over 50 cases of money laundering it is probing in connection with the coal blocks allocation directions came in a case where the ED had pleaded that four officers be relieved since their tenure in the agency was complete.
If you've lost money to a refund or recovery scam, or have information about the company or scammer who called you, report it. When you report these scammers, you help law enforcement stop them and alert others in your community to the scam. They're the worst of the worst: scams that target people who have already lost money to a scam.
Program provides up to 20percentage point credit boost for projects in lowincome communities WASHINGTON —Today, the Department of the Treasury and Internal Revenue Service (IRS) issued final rules and procedural guidance for the LowIncome Communities Bonus Credit program under Section 48(e) of the Internal Revenue Code and announced the application process would open by early fall ...
The 2015 Bill primarily seeks to allocate the coal mines that were declared illegal by the Supreme Court. It provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ministry notified the Coal Mines (Special ...
The CoalGate scam, also known as the Coal Allocation Scam, was a largescale corruption scandal that rocked India's energy industry. The scam involved the il...
Coal scam: The government formed panel has found faults with UPA government's coal allocation process.
WASHINGTON, As part of the BidenHarris Administration's Investing in America agenda, the Department of the Treasury, the Department of Energy, and the Internal Revenue Service (IRS) today released additional information on key provisions in the Inflation Reduction Act to strengthen energy security and drive investment to hardhit coal communities and underserved ...
Determining the correct treatment of settlement and litigation award payments is a multistep process requiring the determination of the character of the payment and the nature of the claim that gave rise to it; whether the payment constitutes an item of gross income; if the payment relates to an employment claim, whether the payment is wages ...
Coal allocation scam (or Coalgate) is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private a draft report issued in March 2014, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period ...
The recovery of top coal in the caving face directly impacts the efficiency of mining coal resources. The geological conditions and mining parameters are well known to be significant influences on the recovery of top coal. This study focused on the 9301 working face, which is located in a thick coal seam with a large dip angle. The influences of the coal seam's dip angle, mining ...
According to the International Energy Agency (IEA), the coal industry accounted for almost 40% of electricity generation and more than 40% of energyrelated carbon dioxide emissions in 2019. Even as the coal industry struggles in the United States and Europe, it remains powerful globally, and, while the pandemic drove a drop in coal demand in 2020, IEA forecasts a rebound for coal demand in ...
This work investigates the effects of carbon allocation on the emission intensities of lowcarbon products cogenerated in facilities that co‐process biogenic and fossil feedstocks and apply the carbon capture utilization and storage technology. Thus, these plants simultaneously sequester CO2 and synthesize fuels or chemicals. We consider an integrated steel mill that injects biomass into the ...
After the 2023 allocation process begins, the Treasury Department and IRS will monitor and assess whether to implement any modifications to the LowIncome Communities Bonus Credit Program for calendar year 2024 allocations of Capacity Limitation. ... which was originally enacted by § 1302(b) of the American Recovery and Reinvestment Act of ...
The introduction of competitive allocation is part of implementing the NSW Government's Strategic Statement on Coal Exploration and Mining in NSW (PDF, ). The competitive allocation pathway has been developed to create a faster process (relative to the Strategic Release Framework) for allocating coal exploration licences by public tender in specific circumstances only, sites ...
The coal allocation fraud, dubbed 'Call Gate' in the media, is a major political scandal involving the Indian government's allocation of the country's coal reserves to Public Sector Enterprises (PSEs) and private companies. ... However, Gupta has denied any involvement with IST Steel and denies affecting the coal allocation process.
In a threedecadeold allotment of coal blocks for mining, the Central Bureau of Investigation (CBI) has registered a case against companies of the RPSanjiv Goenka group on charges of corruption, cheating and criminal conspiracy. It relates to the Deocha Pachami, Tara West, Mahan and South Dadhu coal blocks allotted in the period.
A judgment which convicted three former coal ministry officials for corruption in one of the cases related to the coal scam on Friday has also given a huge relief to former Prime Minister Manmohan ...
ing preparations, timely emergency handling, and scientic postmortem recovery have greatly aected the loss degree and frequency of coal mine emergencies (Tong et al. 2015; Guo et al. 2020). Since the construction of a scientic evaluation index system for coal mine emergency rescue capability is the rst step to reduce coal mine safety acci
And the coal allocation scam is the biggest scam ever detected in the country as in this scam the country suffered a loss of lakh crores. Coalgate Coal allocation scam or coalgate is a major political scandal regarding the allocation of coal blocks to public sector entities and private companies, without competitive bidding .
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