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Apr 16, 2013· Coal secretary had warned way back in 2004 about windfall gains to privatecompanies under existing scheme of allotment but PMO continued to delay process of competitive bidding.This delay meant that coal was allocated under the existing, opaque process giving private companies huge monetary gains.The CAG took into account average production ...
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The coal allocation scam, popularly known as 'Coalgate' in media. It is a political scandal that was surrounded by the UPA govt. in 2012. As we all know India is a country rich of minerals, spices, and so does has a huge deposits of coal. There are many blocks of coal in .
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Nov 23, 2012· MARCH 2012: COALGATE EXPLODES- THE DRAFT REPORT OVERVIEW The CAG report is a performance audit focusing on the allocation of coal blocks and the performance of Coal India in the 2005-09 period. The Draft Report, stretching to 110 pages—far more detailed and containing more explosive allegations than the toned-down Final Report of some 50 ...
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Coal allocation scam (or Coalgate) is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient .
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