The CAG report, leaked to the press in March as a draft and tabled in Parliament in August, is a. Government auditor CAG on Friday said private firms are likely to gain Rs lakh crore from coal blocks that were allocated to them on. Overview. Coal is the most important indigenous source of energy for Indian economy with a geological reserve of 2,85, million tonne and.

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The letter was written on 5 February India portal Politics portal.

Worst fears of power companies come true”. Bureaucratic ping-pong killed Manmohan’s order for coal blocks to be auctioned.

Retrieved 1 June The company said has invested Rs. Retrieved 26 September If royalty and upfront payment are taken out from the revenue generated by auctioning coal blocks, the revenue flow stands at Rs 1. Whereas, the CAG report on power had accused the government of favouritism and benefitting companies like Tata and Reliance Power.

Initially, the Government had initiated a proposal to introduce competitive bidding by formulating appropriate rules. Quoting the Law Secretary in August How long can PM hold on to Ashwani Kumar?


This premise of the CAG is flawed. This page was last edited on 12 Decemberat Reacting to this, Jagathrakshakan admitted to getting a coal block, and said that, “It geport true that we got a coal allocation but it was a sub-contract with Puducherry government and then we gave it away to KSK company.

Samaria two years in prison for their involvement in the Coal Scam. Later, in czg letter to Prime Minister Manmohan Singh, the CAG said the details brought out in the daily were observations which were under discussion at a very preliminary stage. Singh addresses the question of legal authority in paragraphs 14—18 scaj his Parliamentary statement:. The company, which applied for a block on 12 Januaryand was awarded it on 17 Juneis sitting on reserves of CAG tables coal scam report in Parliament, loss of Rs 1.

Venkatesan 30 April The apex court wanted to know not only the steps that have been taken but also proposed against companies that have breached the agreement.

What is coal scam? | What Is News, The Indian Express

The CAG is at it again. August 17, One of these blocks was awarded to Jindal. Retrieved 23 March It also appointed Rajinder Singh Cheema Ex.

The report also blamed the Airport Authority of India for acting against the interests of the government. Retrieved 31 May It said that JSPL had submitted its application for coal block allocation in January to the Coal Ministry for securing few blocks earmarked for power sector, including Amarkonda Murgadangal coal block in Jharkhand for its proposed MW captive power plant to be set up at Patratu.


CAG tables coal scam report in Parliament, loss of Rs 1.86 lakh crore estimated

Hence, coal blocks, with aggregates geological reserves of A special court pulled up the CBI for not filing the final report in a proper format in a coal scam case involving industrialist and politician Naveen Jindal and others. They further suggest that in the case of competing applicants for a captive block, a further 10 guidelines may be taken into consideration:.

Even as the distribution of uniforms for school students is hampered this academic year, irregularities worth crores of rupees have been reported in uniforms distribution scheme for the last two years.

Every delay will lend them the contention of equity.