Highlights of CAG’s report on coal block allocations
August 17th, 2012 - 7:57 pm ICT by IANSNew Delhi, Aug 17 (IANS) The following are the highlights of The Comptroller and Auditor General of India (CAG) report on coal block allocations which was tabled in parliament Friday:
– Indian exchequer lost Rs.1.85 lakh crore ($37 billion) in arbitrary allotment of coal blocks
– 194 net coal blocks, with aggregate of 44,440 million tonnes coal, were allocated to different government and private parties up to March 31, 2011
– CAG has named 25 major companies as beneficiaries such as Essar Power, Jindal Steel and Power, Hindalco and Tata Power
– CAG has recommended competitive bidding process for coal block allocation to bring about transparency in the process
– Auditor has also suggested the setting up of an empowered group on the lines of the foreign investment promotion board for coal allocation
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- Process of awarding coal blocks caused $37 bn loss: Auditor - Aug 17, 2012
- IMG deallocates 8th coal block, Plan panel for privatising mining - Sep 18, 2012
- CAG reports creating suspicion, distrust: Assocham - Aug 28, 2012
- Greenpeace for halting any further coal blocks allocation - Sep 11, 2012
- Indian mining sector under stress: Tata Steel chief - Aug 21, 2012
- Private sector should not be targeted for coalfield allocations: Jindal - Sep 06, 2012
- Inter-ministerial group reviews coal block allocations - Sep 03, 2012
- Furore in Lok Sabha over coal scam - Aug 21, 2012
- No loss in coal block allocations: Government (Lead) - Aug 24, 2012
- CBI books five companies allocated coal blocks (Second Lead) - Sep 04, 2012
- Coal block allocations made by best screening committee: Jaiswal - Aug 17, 2012
- CAG report on coal block allocation flawed: Government - Aug 24, 2012
- Rs.1.85 lakh crore coal blocks loss is flawed, says minister - Aug 26, 2012
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