Are coal blocks allocated on lottery basis?
Coal sector was nationalised under Indira Gandhi Government in 1972 in two phases. Hence Statement 1 is Correct. The coal Blocks are allocated through auctions and not on lottery basis.
What is coal blocks allocation?
The Central Government promulgated the Coal Mines (Special Provision) Act, 2015 to enable the Government to re-allocate the 204 coal blocks which were cancelled by the Hon’ble Supreme Court of India. The Act permitted auction of coal mines for commercial mining by private entity.
How is cancellation of coal blocks allocation?
NEW DELHI: The Supreme Court on Tuesday issued notices to the Centre on a petition alleging that a cancelled coal block had been re-allotted to Adani Enterprises via a joint venture. The top court had scrapped the allocation of 214 blocks en masse in August 2014 on ground of illegality.
Do coal blocks burn?
Coal block burns forever and can be lit on the sides.
What are coal blocks used for?
Fuel. Blocks of coal can be used as fuel in a furnace. One block of coal lasts 800 seconds (16000 ticks), which smelts 80 items. This is ten times the duration of a single piece of coal and 11⁄9 times as efficient (+11.11%) as nine individual pieces of coal- which would only smelt 72 items.
What is e auction of coal?
Coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the dry fuel through the available institutional mechanism, according to CIL website.
How are coal blocks allocated in India?
Which country has the largest reserves of coal in the world?
United States
Coal Reserves by Country
| # | Country | World Share |
|---|---|---|
| 1 | United States | 22.3% |
| 2 | Russia | 15.5% |
| 3 | Australia | 14.0% |
| 4 | China | 13.1% |
Which is better coal or coal block?
Blocks of coal can be used as fuel in a furnace. One block of coal lasts 800 seconds (16000 ticks), which smelts 80 items. This is ten times the duration of a single piece of coal and 11⁄9 times as efficient (+11.11%) as nine individual pieces of coal- which would only smelt 72 items.
When did coal blocks start to be allocated?
At that time there were no concrete guidelines for allocation of blocks as coal mining was largely restricted to PSUs and many geographic locations were seen as unsuitable for profitable mining. The guidelines were periodically revised through 1993, 1998 and 2003. Between 1993 and 2005, 70 coal mines were allocated.
Who are the convicted in the coal blocks allocation case?
Ray has been convicted along with five others: CTL; its director Mahendra Kumar Agarwalla; Castron Mining Ltd; then additional secretary, Coal, and chairman, 14th Screening Committee Pradip Kumar Banerjee; and Nitya Nand Gautam, the then adviser (projects), Coal Ministry, and member-convener, 14th Screening Committee.
Is there any evidence of corruption in coal allocation?
While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal. Over the course of 2012, however, the question of corruption has come to dominate the discussion.
How did the coal allocation process in India change?
In 2005 the Expert Committee on Coal Sector Reforms provided recommendations on improving the allocation process, and in 2010 the Mines and Minerals (Development and Regulation) Act (MMDR Act), 1957 Amendment Bill was enacted, providing for coal blocks to be sold through a system of competitive bidding.
