What is Coalgate scam in India?
The Coal Allocation scam or the Coalgate scam is a scandal that took place during the UPA government tenure. It came into reckoning in 2012 after the then Comptroller and Auditor General (CAG) raised allegations against the government for allocation of coal blocks to public and private enterprises.
How are coal blocks allocated in India?
Certain coal blocks were allocated by the Ministry of Power for Ultra Mega Power Projects (UMPP) through tariff based competitive bidding (bidding for coal based on the tariff at which power is sold). Between 1993 and 2011, 218 coal blocks were allocated to both public and private companies under the CMN Act.
What are coal blocks?
Coal Block means the length of layer of coal beneath the surface of earth. Denotation:- Generally, it is denoted in square kilometres. Example:- 10 square km of Raniganj (India).
How many coal blocks are there in India?
There were 36 coal washeries in India as on 31 March 2020 with a total installed capacity of 143.44 million tonnes per year.
Is India self sufficient in coal production?
Nagpur: The country may not need to import coal for generating electricity by 2024.
How many coal blocks have been auctioned?
A total of 42 coal blocks have been auctioned till date for commercial mining, government has said. New Delhi: A total of 42 coal blocks have been auctioned till date for commercial mining, government has said, adding that out of these, 10 reserves were auctioned last week under the third tranche.
How many coal mines are auctioned in India?
कोयला मंत्रालय Ministry of Coal 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 18.06. 2020 and concluded with allocation of 19 coal mines.
Do coal blocks burn?
A block of coal can be used as a fuel in a furnace to smelt/cook 80 items (1 block of coal will burn in a furnace for 800 seconds).
How are coal mines auctioned?
Commercial coal block auctions are conducted in a two-stage 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 be received.
Who is the owner of Coal India?
Ministry of Coal
Government of India
Coal India/Parent organizations
What country is the largest coal producer?
China
Coal Production by Country
| # | Country | Yearly Coal Production (Tons) |
|---|---|---|
| 1 | China | 3,708,155,408,000 |
| 2 | India | 761,662,038,400 |
| 3 | United States | 728,364,498,000 |
| 4 | Australia | 554,763,962,900 |
Which country is largest producer of coal?
What is the Coalgate scam?
The Coalgate Scam was unearthed by the CAG report on allocations of coal blocks. CAG report alleged that a loss of Rs. 1.86 lakh crore was caused to the exchequer because of a non-transparent and discretionary allocation process.
What is coal scam?
What is coal scam? A report by the Comptroller and Auditor General of India showed inefficient and possibly illegal allocation of coal blocks between 2004 and 2009. Image for representational purpose.
What did the CAG report say about the allocation of coal?
The central point of the CAG report that showed improper allocation was that the government had the authority to allocate the coal blocks. However, this was to be done via competitive bidding. But the government chose to take another route and avoided competitive bidding, the CAG report said.
What is the Coalgate scandal?
Coalgate, as it was popularly known snowballed into a huge political scandal which pulled top leaders and bureaucrats from the previous UPA regime into the probe.
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