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Union Coal Minister Sriprakash Jaiswal says the observations of the CAG are clearly disputable and any allegations of impropriety are without basis and unsupported by facts.
filexlib. The CAG initially estimated a Rs. 10.6 lakh crore loss to the exchequer, but the final report tabled in the parliament put the figure at Rs. 1.86 lakh crore. At the initial report of CAG only said that the blocks of coal could have been allocated with more efficiency and the government could have earned more profit.
The CAG report on «Coal gate» will be tabled in Parliament on Thursday (August 16). Now, the opposition is likely to corner the Government over the initial d
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. A report by the Comptroller and Auditor General of India showed inefficient and possibly illegal allocation of coal blocks between 2004 and 2009.
The Comptroller and Auditor-General led by Vinod Rai will make a presentation on Friday before the Murli Manohar Joshi- headed Public Accounts Committee, explaining its report on
Coalgate reaches Parliament: the Final Report and Manmohan Singh’s rebuttal in Parliament 4.1 The CAG Final Report 4.1.1 Overview 4.1.2 First CAG charge: the Government had the legal authority to auction coal blocks 4.1.3 Second CAG charge: «windfall gains to the allocatees were ₹1,856 billion (US$23 billion)
Did Law Min delete CBI findings that verified CAG’s Coalgate report? the final CAG report on the coal block allocation scandal reflects the fact that Prime Minister Manmohan Singh had agreed to introduce competitive bidding for the allocation of coal blocks on 14 October 2004. However, the PMO indulged in adopting delaying tactics
Coalgate files ‘missing’, confirms Coal Minister Union Coal Minister Sriprakash Jaiswal on Saturday confirmed that few files related to the coal allocation scam were missing, saying that copies of them are being retrieved
The CAG has not only recommended immediate coal block auction but also an FIPB like single window for clearances among other things. The much awaited Comptroller and Auditor General’s report on coal block allocation was on Friday tabled in the Parliament. The report has pegged the loss caused due to allocation of coal blocks at Rs 1.86 lakh crore.
The CAG report also resulted in the formation of an Inter-Ministerial Group (IMG) to decide on the de-allocation of coal blocks that were not developed on time. The IMG recommended de-allocation of 13 blocks and forfeiture of bank guarantees of 14 allottees including the likes of Tata Sponge, GVK, Arcelor Mittal, Monnet Ispat & Energy, Adhunik
Coalgate Files Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Coalgate Files Blogs, Comments and Archive News on Economictimes.com English Edition English Edition हिन्दी ગુજરાતી मराठी বাংলা ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Coalgate Files Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Coalgate Files Blogs, Comments and Archive News on Economictimes.com English Edition English Edition हिन्दी ગુજરાતી मराठी বাংলা ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
The CAG report also resulted in the formation of an Inter-Ministerial Group (IMG) to decide on de-allocation of coal blocks that were not developed on time. The IMG recommended de-allocation of 13 blocks and forfeiture of bank guarantees of 14 allottees including the likes of Tata Sponge, GVK, Arcelor Mittal, Monnet Ispat & Energy, Adhunik The CAG report also resulted in the formation of an Inter-Ministerial Group (IMG) to decide on de- allocation of coal blocks that were not developed on time. The IMG recommended de-allocation of 13 blocks and forfeiture of bank guarantees of 14.
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