-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...
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10 facts on Rs 1.86 lakh crore 'Coalgate' loss
-Yahoo.com The Comptroller and Auditor General on Friday tabled three reports -- on power, coal and airports -- in Parliament, almost indicting the UPA government for allegedly 'causing' a loss of more than Rs 1.86 lakh crore to the exchequer. The report has also lambasted the government for favouring private companies who benefitted from such 'largesse', giving the opposition parties a lot of fodder to them to hit out at the government...
More »Reliance Power Got Undue Benefit of Rs 29,033 Cr: CAG
-PTI Flaying post-bid concessions to Reliance Power, the CAG today said the Anil Ambani-led firm got undue benefit of Rs 29,033 crore when the government allowed use of surplus coal from blocks allotted to Sasan power plant for its other projects. CAG in its report tabled in Parliament said subsequent to award of the 4,000 MW Sasan ultra mega power project to RPL, the government granted permission to the company to utilise...
More »200 miners stuck in West Bengal Coal Mines rescued
-PTI Two hundred miners trapped in West Bengal Coal Mines have been evacuated, while efforts are going on to rescue 65 others stuck in Jharkhand mines. 265 miners were trapped in various Coal Mines of state- owned Eastern Coalfields and Bharat Coking Coal in the two states following massive power failure across the country due to grids collapse by 1300 hrs. "All the 200 stuck inside Sodepur and Satgram mines in Burdwan (West...
More »Subterranean challenges
-The Hindu The perils of the system of rat-hole mining that thousands in Meghalaya routinely engage in were in stark focus over the past week. After a fruitless search that yielded no survivors or bodies in a flooded coal pit in the South Garo Hills, a rescue team of the National Disaster and Rescue Force has called off its operations. This means the 15 miners who were believed trapped underground are...
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