Coal Mines Allocation

  • IMG recommends de-allocation of 2 coal mines allocated to PSUs November 5, 2012

    New Delhi: The Inter-Ministerial Group (IMG) on coal blocks has recommended de-allocation of two coal mines allocated to PSUs on the ground of companies not developing them, sources said. The IMG on Monday reviewed 10 coal blocks allocated to public sector companies (PSUs), including Chhattisgarh Mineral Development Corporation (CMDC) and...
  • CAG not following mandate, says government August 17, 2012

    New Delhi: The Comptroller and Auditor General (CAG) had not followed its mandate under the constitution, the government said on Friday, adding that the official auditor's report on coal blocks tabled in Parliament would be considered final only after it was examined by the Public Accounts Committee (PAC). The CAG report...
  • Coal allocation: Pvt firms to gain Rs 1.86 lakh cr August 17, 2012

    New Delhi: Government auditor CAG on Friday said private firms are likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which amounted to the loss to national exchequer. The CAG in its report, tabled in Parliament, names 25...
  • Coal mine allocations scam bigger than 2G: CAG August 17, 2012

    New Delhi: The CAG report on coal was tabled in the Rajya Sabha on Friday. The report said that the coal blocks allocations scam was much bigger than the 2G scam. According to the report, the coal allocations caused the exchequer a loss of Rs 1.86 lakh crore, much bigger...