The EU is accelerating the end of its dependence on Russian fossil fuel imports. Negotiators of the Council and the European Parliament have reached a provisional agreement on the REPowerEU proposal which aims to strengthen the strategic autonomy of the Union by diversifying energy supplies and boosting the independence and security of the ...
WhatsApp: +86 18838072829ET Bureau. DELHI: With the Supreme Court asking if the Centre even had the authority to allocate coal blocks, CoalGate is back in the news. Last year, when CoalGate was triggering much outrage in newspapers and TV studios, fundamental questions like these had entirely eluded the media's scrutiny. After a draft report by the Comptroller and ...
WhatsApp: +86 18838072829The Company has n coalfired thermal power plants (PP1, PP2, PP3 Footnote 3, etc.) of varying generating is allocated to these power plants from m coal sources (CS1, CS2, CS3 Footnote 4, etc.).While the first m1 coal sources represent domestic coal sources, the last,, the mth coal source, represents imported allocation of coal from the domestic coal sources is ...
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WhatsApp: +86 18838072829Until a recent stock market rout on allegations of accounting fraud by a USbased ... be inserted before the sentence "competitive bidding process" in the Coal Block Allocation Rules of 2017 ...
WhatsApp: +86 18838072829The coal blocks allocation cases are among the CBI's longest running probes, with the agency last registering a fresh FIR in the case in January 2020. It has since 2012 filed multiple chargesheets and even closed many cases for lack of evidence or culpability. ... Then PM Singh rebutted allegations of fraud and even questioned CAG's ...
WhatsApp: +86 188380728291. 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.
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WhatsApp: +86 18838072829New Delhi, UPDATED: Oct 15, 2013 19:24 IST. The CBI on Tuesday lodged a case against industrialist Kumar Mangalam Birla, as a representative of Aditya Birla Group company Hindalco, and former Coal Secretary Parekh on charges of conspiracy and corruption in connection with alleged irregularities in allocation of coal blocks eight years back.
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WhatsApp: +86 18838072829The region's share of global coal power generation accounted for almost 80% in 2019, as compared to just 20% in 1990. The opening of new expansive markets for coal as well as its continuing global dominance in the energy market allows for massive opportunities for fraud in its various sectors, like mining, transport, and power plants. That ...
WhatsApp: +86 18838072829Coal burn in the power sector has fallen off a cliff. Demand peaked at billion tons in 2007. The Energy Information Administration (EIA) estimates consumption in 2020 will be 377 ...
WhatsApp: +86 18838072829Although the United States has the vast coal resource described in the previous chapter, perhaps as much as 4 trillion tons, the key issue for policy makers is the amount of coal that is economically is not a fixed quantity, but depends on the geological resource, the market price, and the cost of mining. The particular characteristics of the coal mining industry create unique ...
WhatsApp: +86 18838072829Coal 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 ...
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WhatsApp: +86 18838072829In today's episode, we discuss methane emissions from coal mines and why they're important. Methane is an odorless colorless gas that is found almost everywhere on the planet and there is lots of it around human settlement. It's emitted from landfills, oil and gas wells, coal mines, agricultural activities, livestock, and many other places.
WhatsApp: +86 18838072829The 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...
WhatsApp: +86 18838072829In a nutshell, the coal allocation scam, or 'Coalgate' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012. The scam came to light after the Comptroller and Auditor General of India (CAG) accused the government of India for allocating 194 coal blocks to public and private enterprises ...
WhatsApp: +86 18838072829In 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.
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WhatsApp: +86 18838072829Accelerating the fossil fuel asset stranding process. Recovery must take advantage of COVID19's 'push' force and permanently phase out fossil fuels, prioritize writingoff fossil fuel assets (as opposed to divestment, which merely reallocates (financial) assets to potentially more vulnerable countries), and simultaneously invest in ...
WhatsApp: +86 18838072829It has been a decade since the country was engulfed by the coal allocation scandal. A 2012 report by the Comptroller and Auditor General (CAG) declared that the Coal Ministry's failure to adopt competitive auctions for coal blocks led to gains worth ₹ lakh crore for private actors. The public discourse rapidly degenerated into treating this entire sum as a loss to the exchequer.
WhatsApp: +86 18838072829One such fraud was the Coalgate scandal, in which the UPA government was accused of assigning coal blocks without a competitive bidding procedure. ... Act of 1973 would allow domestic and international enterprises to participate in the coal block allocation case process. The revised legislation, which would make auctions mandatory for the ...
WhatsApp: +86 18838072829The 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 ...
WhatsApp: +86 18838072829The Coalgate Scam was unearthed by the CAG report on allocations of coal blocks. CAG report alleged that a loss of Rs. lakh crore was caused to the exchequer because of a nontransparent and discretionary allocation process. The beneficiaries of the scam are private players who have made windfall gains and have received highly valuable natural resources at almost free of cost.
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WhatsApp: +86 18838072829Controller 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.
WhatsApp: +86 18838072829Coal scam: The government formed panel has found faults with UPA government's coal allocation process.
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WhatsApp: +86 18838072829And 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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