Mines can’t be doled out as largesse
New Delhi: While agreeing with the constitution bench that auction was not the only constitutionally permissible mode for distribution, Justice J S Khehar in a separate opinion referred to the Mines and
Jayaswal Neca Industries Ltd
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Union Coal Ministry sluggish in acting on Inter-Ministerial Group recommendations
Last week, Sriprakash Jaiswal said files were yet to reach him The Coal Ministry has not acted upon the recommendations of the Inter-Ministerial Group (IMG) for de-allocating six additional coal blocks and deduct bank guarantee in the case of seven companies. Although the IMG had submitted its final recommendations relating to the treatment of 29 coal blocks allotted to private parties, who were issued show cause notices, the Coal Ministry, under Coal Minister Sriprakash Jaiswal, has failed to initiate further action in pending cases
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MG axe on three more coal blocks
The blocks facing action are part of the 29 under the IMG scanner The Inter-Ministerial Group (IMG) reviewing the controversial allotment of coal blocks for captive mining on Wednesday recommended cancelling those given to three companies, including Rungta Mines Ltd, due to production delays. It also said the government should deduct bank guarantees given by six companies, including Arcelor Mittal India Ltd, regarding four blocks.
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Govt wakes up to captive miners profiteering
Mulls clause to mandate participation in tariff-based bidding for power The brouhaha over coal block allocations has goaded the government into correcting the policy imperfections that have long prevailed in India’s coal mining sector. It is planning a clause to make it mandatory for captive miners to take part in tariff-based bidding for power. A few miners have been selling power produced through coal from their captive mines in the open market to make profits. The coal ministry now plans to add the mandatory clause in captive miners’ allotment letters.
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10 captive miners justify delay in production
Most blame wait to get green nod, land Jindal Steel might present case today On the first day of the three-day interaction of the high-level inter ministerial group (IMG) on coal block development, 10 companies on Thursday presented their cases to the panel, justifying their delay in production. These companies are among the 58 issued show-cause notices by the government, threatening cancellation of allocations. Those making a presentation included Monnet Ispat & Energy, Usha Martin, Jayaswal Neco, Electrosteel Casting and Neelachal Iron & Steel
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Regulatory hurdles delayed coal mining, say allottees
Private companies such as Monnet Ispat and Energy Ltd, Usha Martin, Castron Mining Ltd and Jayaswal Neco Industries Ltd told the inter-ministerial group (IMG) that they were not able to mine coal from
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CBI widens coal probe, six more firms on radar
Next FIR by month-end likely to throw up new names After the first salvo, the Central Bureau of Investigation (CBI) is gearing up to register cases against at least another half a dozen companies in the coal block allocation case. In what looks like a replay of the 2G telecom FIRs and subsequent charge sheets, the CBI is widening the probe into the coal matter, pinning down many more corporate and government entities in the process.