Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68047a2868761-trace').style.display = (document.getElementById('cakeErr68047a2868761-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68047a2868761-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68047a2868761-code').style.display = (document.getElementById('cakeErr68047a2868761-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68047a2868761-context').style.display = (document.getElementById('cakeErr68047a2868761-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68047a2868761-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;&amp;#039;Coalgate&amp;#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation&#039;,
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-PTI
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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.
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The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
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&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.
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The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
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&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.
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The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.
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The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
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&lt;br /&gt;
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&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;
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The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
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Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.
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The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.
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CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
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&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.
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However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;
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Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
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State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;
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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...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;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.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;&amp;#039;Coalgate&amp;#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation&#039;,
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-PTI
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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.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;
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-PTI





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...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;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.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;&lt;/div&gt;&#039;
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-PTI





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..."/>
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                <strong>&#039;Coalgate&#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation</strong></h1>
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                <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">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.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&quot; CAG said in a report on allocation of coal blocks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&quot; CAG said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditing body said it is &quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>CIL suffered 116 MT output loss due to delays in projects: CAG</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Delays ranging from &quot;one to 12 years&quot; in execution of 32 projects under different subsidiaries of CIL entailed &quot;loss of production by 115.95 MT,&quot; CAG said in its report on &quot;Allocation of Coal Blocks and Augmentation of Coal Production&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The delays, it said, pertained to &quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the coal ministry stated in January, 2012 that &quot;response from ministry of environment and forest is awaited.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&nbsp;</div>               </font>
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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.
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&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.
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The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
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&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.
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The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.
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The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
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&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
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&lt;br /&gt;
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Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.
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&lt;br /&gt;
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The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
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CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
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&lt;br /&gt;
&lt;/div&gt;
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&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
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&lt;br /&gt;
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State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Times of India, 17 August, 2012, http://timesofindia.indiatimes.com/india/Coalgate-CAG-says-private-firms-gain-Rs-1-86-lakh-crore-in-coal-block-allocation/articleshow/15530173.cms&#039;,
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-PTI





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...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;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.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 16498,
	&#039;title&#039; =&gt; &#039;&amp;#039;Coalgate&amp;#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation&#039;,
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-PTI
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
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.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 17 August, 2012, http://timesofindia.indiatimes.com/india/Coalgate-CAG-says-private-firms-gain-Rs-1-86-lakh-crore-in-coal-block-allocation/articleshow/15530173.cms&#039;,
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-PTI





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...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;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.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;&lt;/div&gt;&#039;
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                <strong>&#039;Coalgate&#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation</strong></h1>
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                <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">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.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&quot; CAG said in a report on allocation of coal blocks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&quot; CAG said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditing body said it is &quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>CIL suffered 116 MT output loss due to delays in projects: CAG</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Delays ranging from &quot;one to 12 years&quot; in execution of 32 projects under different subsidiaries of CIL entailed &quot;loss of production by 115.95 MT,&quot; CAG said in its report on &quot;Allocation of Coal Blocks and Augmentation of Coal Production&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The delays, it said, pertained to &quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the coal ministry stated in January, 2012 that &quot;response from ministry of environment and forest is awaited.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&nbsp;</div>               </font>
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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.
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The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
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&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.
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The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
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&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.
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The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.
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The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
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&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;
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The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
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Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.
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The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.
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CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
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&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.
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However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;
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Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
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State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;
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		&#039;credit_writer&#039; =&gt; &#039;The Times of India, 17 August, 2012, http://timesofindia.indiatimes.com/india/Coalgate-CAG-says-private-firms-gain-Rs-1-86-lakh-crore-in-coal-block-allocation/articleshow/15530173.cms&#039;,
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-PTI





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...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;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.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 16498,
	&#039;title&#039; =&gt; &#039;&amp;#039;Coalgate&amp;#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation&#039;,
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-PTI
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&lt;br /&gt;
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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.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 17 August, 2012, http://timesofindia.indiatimes.com/india/Coalgate-CAG-says-private-firms-gain-Rs-1-86-lakh-crore-in-coal-block-allocation/articleshow/15530173.cms&#039;,
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-PTI





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...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-PTI&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;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.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&amp;quot; CAG said in a report on allocation of coal blocks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&amp;quot; CAG said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditing body said it is &amp;quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;CIL suffered 116 MT output loss due to delays in projects: CAG&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world&#039;s largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Delays ranging from &amp;quot;one to 12 years&amp;quot; in execution of 32 projects under different subsidiaries of CIL entailed &amp;quot;loss of production by 115.95 MT,&amp;quot; CAG said in its report on &amp;quot;Allocation of Coal Blocks and Augmentation of Coal Production&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The delays, it said, pertained to &amp;quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&amp;quot; it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the coal ministry stated in January, 2012 that &amp;quot;response from ministry of environment and forest is awaited.&amp;quot;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &amp;quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&amp;quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&amp;nbsp;&lt;/div&gt;&#039;
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-PTI





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..."/>
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                <strong>&#039;Coalgate&#039;: CAG says private firms gain Rs 1.86 lakh crore in coal block allocation</strong></h1>
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                <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">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.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&quot; CAG said in a report on allocation of coal blocks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&quot; CAG said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditing body said it is &quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>CIL suffered 116 MT output loss due to delays in projects: CAG</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Delays ranging from &quot;one to 12 years&quot; in execution of 32 projects under different subsidiaries of CIL entailed &quot;loss of production by 115.95 MT,&quot; CAG said in its report on &quot;Allocation of Coal Blocks and Augmentation of Coal Production&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The delays, it said, pertained to &quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the coal ministry stated in January, 2012 that &quot;response from ministry of environment and forest is awaited.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&nbsp;</div>               </font>
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-PTI
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<br />
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<div style="text-align: justify">
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.
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The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
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&quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&quot; CAG said in a report on allocation of coal blocks.
</div>
<div style="text-align: justify">
<br />
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<div style="text-align: justify">
The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
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<div style="text-align: justify">
<br />
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&quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&quot; CAG said.
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<div style="text-align: justify">
<br />
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The auditing body said it is &quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&quot;.
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<br />
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The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>CIL suffered 116 MT output loss due to delays in projects: CAG</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Delays ranging from &quot;one to 12 years&quot; in execution of 32 projects under different subsidiaries of CIL entailed &quot;loss of production by 115.95 MT,&quot; CAG said in its report on &quot;Allocation of Coal Blocks and Augmentation of Coal Production&quot;.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The delays, it said, pertained to &quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&quot; it said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
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<div style="text-align: justify">
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&quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&quot; it said.
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However, the coal ministry stated in January, 2012 that &quot;response from ministry of environment and forest is awaited.&quot;
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Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
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State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&nbsp;
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-PTI





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.





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-PTI
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
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.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&quot; CAG said in a report on allocation of coal blocks.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&quot; CAG said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The auditing body said it is &quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&quot;.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>CIL suffered 116 MT output loss due to delays in projects: CAG</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Delays ranging from &quot;one to 12 years&quot; in execution of 32 projects under different subsidiaries of CIL entailed &quot;loss of production by 115.95 MT,&quot; CAG said in its report on &quot;Allocation of Coal Blocks and Augmentation of Coal Production&quot;.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The delays, it said, pertained to &quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&quot; it said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&quot; it said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, the coal ministry stated in January, 2012 that &quot;response from ministry of environment and forest is awaited.&quot;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&nbsp;
</div>',
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-PTI





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...'
$disp = '<div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">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.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG in its report, tabled in Parliament, names 25 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees,&quot; CAG said in a report on allocation of coal blocks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks,&quot; CAG said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditing body said it is &quot;of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>CIL suffered 116 MT output loss due to delays in projects: CAG</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Delays ranging from &quot;one to 12 years&quot; in execution of 32 projects under different subsidiaries of CIL entailed &quot;loss of production by 115.95 MT,&quot; CAG said in its report on &quot;Allocation of Coal Blocks and Augmentation of Coal Production&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The delays, it said, pertained to &quot;problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner,&quot; it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the coal ministry stated in January, 2012 that &quot;response from ministry of environment and forest is awaited.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of &quot;lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution,&quot; CAG asked CIL to fix output targets in line with the targets by the Planning Commission.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.&nbsp;</div>'
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'Coalgate': CAG says private firms gain Rs 1.86 lakh crore in coal block allocation

-PTI 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 companies including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power which have got the blocks in various states. "Delay in introduction of the process of competitive bidding has rendered the existing process beneficial to the private companies. Audit has estimated financial gains to the tune of Rs 1.86 lakh crore likely to accrue to private coal block allottees," CAG said in a report on allocation of coal blocks. The CAG said it has arrived at the estimates based on the average cost of production and average sale price of opencast mines of Coal India in the year 2010-11. "A part of this financial gain could have accrued to the national exchequer by operationalising the decision taken years earlier to introduce competitive bidding for allocation of coal blocks," CAG said. The auditing body said it is "of strong opinion that there is a need for strict regulatory and monitoring mechanism to ensure that benefit of cheaper coal is passed on consumers". The concept of allocation of captive coal blocks through competitive bidding was announced in 2004. However, government is yet to finalise the modus operandi of competitive bidding. CIL suffered 116 MT output loss due to delays in projects: CAG The world's largest miner Coal India (CIL) suffered production losses to the tune of 116 million tonnes (MT) on account of delays in execution of new projects, government auditor CAG has said. Delays ranging from "one to 12 years" in execution of 32 projects under different subsidiaries of CIL entailed "loss of production by 115.95 MT," CAG said in its report on "Allocation of Coal Blocks and Augmentation of Coal Production". The delays, it said, pertained to "problems of land acquisition, forest clearance, adverse geo-mining condition, tender finalisation for equipment of and construction of Coal Handling Plant (CHP) and railway siding," it said. CAG observed that delays took place despite an expert committee emphasising way back in 2005 the need for setting up of a permanent special task force to monitor progress of clearances and project implementation of schemes to be completed by the end of XIth Five Year Plan (2007-12). "In order to bridge the demand-supply gap of coal, new coal projects are required to be completed in a time bound manner," it said. However, the coal ministry stated in January, 2012 that "response from ministry of environment and forest is awaited." Noting that CIL could not match with the rate of increase in coal production due to delays in execution of augmentation of projects on account of "lack of coordinated and planned approach by various government agencies involved in statutory clearances and land execution," CAG asked CIL to fix output targets in line with the targets by the Planning Commission. State-run Coal India is the largest domestic producer of dry-fuel and accounts for over 80 per cent of the total domestic production.