COAL AUCTION

  • Proceeds from the coal mine auctions will be used for the development of coal producing states: PM April 1, 2015

    Elated Prime Minister said "Through a transparent auction of just 20 out of 204 coal mines, the country has earned over Rs 2 lakh crores." ...
  • Regional parties to face workers ire over Coal Bill: Worker Union March 21, 2015

    New Delhi: A workers' union on Saturday said regional parties in coal producing states will have to "bear the brunt of coal workers and public for supporting" the Coal Bill, which has been passed by Parliament. The Coal Mines (Special Provisions) Bill, 2015 which forms part of NDA government's reforms agenda,...
  • Auction bonanza for Centre: Arun Jaitley says 32 mines alone have fetched Rs 2 lakh crores March 10, 2015

    Reacting to the auction of coal mines and telecom spectrum which have generated more than 3 lakh crores, Finance Minister Arun Jaitley on Tuesday during the Rajya Sabha session said, "Vinod Rai said that total loss is Rs 1,86,000 from 200 mines. 32 mines alone have fetched Rs 2 lakh...
  • Coal auction proceeds to cross Rs 2 lakh crore: Coal Secretary March 9, 2015

    New Delhi: Proceeds from the ongoing coal block auctions are likely to cross Rs 2 lakh crore, surpassing CAG's estimate of Rs 1.86 lakh crore loss on account of the allocation of blocks without auction during the UPA regime. "Likely proceeds from coal block auctions (may) cross Rs 2 lakh crore....
  • Odisha CM Naveen asks BJD MPs to play role of opposition in Parliament March 7, 2015

    Bhubaneswar: Two days after accusing BJP-led NDA Government at the Centre of discriminating against Odisha, Chief Minister Naveen Patnaik on Saturday asked BJD MPs to play the role of opposition in both the Houses of Parliament and safeguard interest of the state. "We had a detailed discussion on different issues. The...
  • Lok Sabha passes Coal Mines Bill to replace Ordinance March 4, 2015

    New Delhi: Lok Sabha on Wednesday passed the Coal Mines bill to allow e-auction of coal blocks after the Supreme Court cancelled their allocation leading to uncertainty in the coal sector, amid opposition by Left and some other parties. The...
  • Jan Dhan Yojana, transparent coal auction, Swachh Bharat major achievements of NDA government: Arun Jaitley February 28, 2015

    New Delhi: While presenting the first full-fledged Union Budget of the Narendra Modi government, Finance Minister Arun Jaitley listed three major achievements of his government. Backing his Prime Minister's pet projects, Jaitley listed Jan Dhan Yojana and Swachh Bharat along with transparent auction of coal blocks as the major achievements. Under...
  • Coal auction to raise Rs1.47 lakh crore boost jobs: Vedanta Chief February 23, 2015

    New Delhi: Coal block auctions will fetch a whopping Rs 1.47 lakh crore and boost job creation, mining baron Anil Agarwal, who heads Vedanta Resources, said on Monday. "Coal auction will earn Rs 1.47 lakh crore and boost jobs: Mining...
  • Coal auction to yield nearly Rs 1 lakh crore to states February 20, 2015

    New Delhi: Respective states will get nearly Rs l lakh crore, including royalty, over the next 30 years from 16 coal blocks sold so far through the ongoing auction, a top government official said on Friday. Besides, reverse auction for the power sector will result in benefits to the tune of...
  • Cabinet approves ordinances for coal auction, insurance reforms December 24, 2014

    New Delhi: After failing to pass the Insurance Bill as a result of repeated disruptions in the Winter session of Parliament, the government has cleared an ordinance to raise the cap of Foreign Direct Investment (FDI) in the Insurance sector. The Union Cabinet has also cleared the ordinance for implementation...
  • Cabinet may decide coal auction floor price today December 10, 2014

    New Delhi: The Cabinet may on Wednesday decide to fix a floor price of Rs 150/tonne for auction of coal blocks in March. A methodology for fixing floor and reserve price for the auction of 204 coal mines whose allocation was cancelled by the Supreme Court in September, will be decided...
  • Coalgate: 'PM ignored note by Law Ministry' September 8, 2012

    New Delhi: A Law Ministry note in 2006 had sought changes in the Mines Act to provide for competitive bidding for coal blocks, a report has revealed. The Opposition has once again trained its guns on Prime Minister Manmohan Singh asking why did he ignore the note and not act on...
  • Coal blocks: 'Gadkari's son favoured in auction' June 2, 2012

    New Delhi: Just a day after the Central Bureau of Investigation (CBI) registered a case in the coal block allocations case of 200609, the Prime Minister's Office has turned the tables, accusing BJP President Nitin Gadkari's son of benefiting in the deal. "Chhattisgarh Chief Minister Raman Singh's government allocated coal blocks...
  • Coal blocks 'loss': Oppn guns for UPA, seeks probe March 22, 2012

    New Delhi: There seems to be no end to the woes of the Congressled United Progressive Alliance (UPA) Government. Ever since the alliance stormed back to power in the 2009 Lok Sabha elections its tenure has been marked with allegations of corruption and the Opposition has been claiming that the...
  • 'Govt lost Rs 10.7 lakh cr by not auctioning coal blocks' March 22, 2012

    New Delhi: The Comptroller and Auditor General is back to give the Centre nightmares. A CAG report says the government lost Rs 10.67 lakh crore by not auctioning coal blocks between 2004 and 2009. According to a report in 'The Times of India', 155 coal blocks were given to commercial entities...