Comptroller and Auditor General of India (CAG)

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

JSW Steel, HEP lose coal block

IMG recommends bank guarantee deduction of Tata Power and Hindalco JSW Steel and Himachal Emta Power today lost a coal block in West Bengal, while Tata Power and Hindalco Industries are likely to lose the bank guarantee for their block in Jharkhand. Today, the government cancelled the allocation of the …

Allocation of another coal block cancelled

New Delhi The government on Monday cancelled the allocation of another coal block over allegations of irregularities and deducted bank guarantees of two allottees for failing to develop the mines in time. The cancelled allocation was that of Gourangdih ABC block given to JSW Steel and Himachal EMTA. The move …

Coal Ministry dithers on action against SKS Ispat

Sudhir Kant Sahay is honorary executive director of the company Even as the Coal Ministry on Monday decided to cancel the allocation of the Gourangdih ABC block in West Bengal, owned by Sajjan Jindal’s JSW Steel Ltd. and Himachal EMTA, it delayed action against SKS Ispat, linked to Sudhir Kant …

Bid for Coal Auctions Scuttled

PMO snubs former coal secretary for his bid to ensure transparency in allocation of coal blocks. Former coal secretary P.C. Parakh, who proposed auction of coal blocks to bring in transparency, took the auctions file to the Prime Minister's Office (PMO) in July, 2004, after being rebuffed by minister of …

Hindalco scoffs at mine profiteering charge

Says reserves to last only four years more Has Hindalco Industries’ lease for Odisha’s only operational private coal mine been a bonanza or a carefully husbanded and now depleting asset? According to the state mining department, the company has so far excavated about 16 million tonnes from this one, at …

Govt decides to deallocate one more mine

Deallocates Gourangdih ABC, jointly given to JSW Steel & Himachal EMTA, with this, govt has approved cancellation of licenses of 5 coal blocks The Government today decided to deallocate one more mine - Gourangdih ABC, jointly given to JSW Steel and Himachal EMTA besides deduction of bank guarantees of two …

Wide disparities in setting up Agro Service Centres: CAG

The State Government’s aim to provide services on farmers’ doorstep failed because of disparities in the establishment of agro service centres (ASCs). The State Agriculture Policy of 2008 envisaged setting up of ASCs to provide services on farmers’ doorstep for farm mechanisation on hire basis. During 2006 to 2011, 550 …

The meaning of the attack on the CAG

The office of the Comptroller and Auditor General is an essential instrument for enforcing the accountability of the executive to Parliament. It is wrong, as in the coal blocks and other recent cases, to cast aspersions on the CAG for pointing out the omissions and commissions of the government. The …

SC notice to Centre on coal block allocations

The Supreme Court on Friday issued notice to the Centre on a public interest suit seeking to quash the allotment of 194 coal blocks to private companies in six states. The government will have to respond to six questions from the court. Solicitor General R F Nariman accepted the notice …

Explain Coal Block Allocations: Apex Court to Centre

SC rejects government’s contention that PAC is right forum to debate CAG report The Supreme Court on Friday issued a notice to the Centre, seeking an explanation within eight weeks on the alleged misallocation of coal blocks, a development that can provide more muscle to the Opposition’s protests. The apex …

SC questions govt on coal blocks allotment, strongly defends CAG

The Supreme Court asked the Centre on Friday to explain if guidelines for distributing the coal “mines of largesse” had been strictly followed. The court questioned the “coincidence” that several blocks were secured by “politicians, their associates and a few private companies”. A bench of Justices R M Lodha and …

Why not cancel coal allocations, SC asks Centre

apex court has seven queries on: Petitioner’s plea for quashing allotments in six states: Jharkhand, Chhattisgarh, Maharashtra, West Bengal, Orissa and Madhya Pradesh. Guidelines framed by the government for allocation of coal blocks. The process adopted for allocation of the coal blocks. Whether guidelines contained any inbuilt mechanism to ensure …

Firms must bid to sell captive coal power: Moily

New Delhi The power ministry has framed new bidding guidelines to prevent private firms with cheap captive coal mines selling power at steep rates in the open market and reaping windfall profits. Speaking at the Idea Exchange programme of the Express group, power minister Veerappa Moily said the guidelines would …

MG recommends de-allocation of four coal mines

The IMG also recommended encashing of bank guarantee of three companies The Inter-Ministerial Group (IMG) on coal blocks allocation has recommended de-allocation of four mines alloted to private firms and encashment of bank guarantee of three others on the ground of non-development of mines within a prescribed time. "The IMG, …

CAG Created ‘Harmful’ Controversy

Jindal, who is facing the heat for being allotted large coal blocks, says it is wrong to call him beneficiary Leading industrialist and Congress MP Naveen Jindal, who is facing the heat for being allotted large coal blocks, says it is wrong to call him a “beneficiary” and blames the …

Coalgate: Government panel recommends deallocation of four mines

NEW DELHI: The inter-ministerial group (IMG) on coal blocks allocation has recommended de-allocation of four mines allotted to private firms and encashment of bank guarantee of three others on the ground of non-development of mines within a prescribed time. "The IMG, which reviewed eight cases on Wednesday has recommended de-allocation …

Six more mining firms come under CBI scanner

The Central Bureau of Investigation has begun probing six more private mining and coal companies which are believed to have secured coal blocks wrongfully and by misrepresenting facts. A fresh round of first information reports is likely to be registered by month-end, government sources said. The CBI is scrutinising the …

New guidelines for SEZ revival soon, says Sharma

Commerce and Industry minister Anand Sharma on Tuesday said that special economic zones (SEZ) have lost their attractiveness after the imposition of the minimum alternate tax and that new guidelines are in the offing. “We are now looking at issuing new guidelines on SEZs and are conducting very serious negotiations …

An off-grid power solution

In an off-grid but interactive system, govt would provide feed-in tariff incentives for entrepreneurs to set up local solar energy systems Supply issues comprise one part of the energy conundrum I discussed in this column last fortnight. The cost of energy and our ability to pay for it is the …

The accountability of CAG

Its report on the allocation of coal blocks is marred by a major legal error. The legal fraternity celebrated the 50th anniversary of the Supreme Court of India in 2000 with a book, Supreme, But Not Infallible. The unusual title of the book was a powerful way for the legal …

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