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20. FIRST CAG CHARGE The CAG continued its contention that the Government
had the legal authority under the existing statute to auction coal by making an
administrative decision, rather than needing to amend the statute itself. The CAG
draws the following conclusions: In the period between July 2006 and the end of
2009, 38 coal blocks were allocated under the existing process of allocation,
"which lacked transparency, objectivity, and competition.
21. SECOND CAG CHARGE The biggest change from the Draft Report was the
dramatic reduction in the windfall gains from 1,067,303 Crore to 185,591 Crore.
This change is due to: windfall gain/ton decreased 8% from 322 in the Draft
Report to 295 in the Final Report number of tons decreased 81% from 33.169 to
6.283 billion metric tons of coal. This is because the Final Report considers
"extractable coal" (i.e. coal that could actually be used in production) as against
the Draft Report, which considered coal in situ (i.e. coal in the ground without
taking into account losses that occur during mining and washing the coal).
22. CAG REPORTS VS. GOVERNMENT RESPONSE CAGS REPORT GOVT. RESPONSE
Pvt. firm gain Rs. 1.86 lakh CAGs figure misleading. Of the 57 blocksTHE LOSS
crore after blocks given by cited, only one operational. nomination. THE
Despite repeated advice from Law ministry, competitive Ministry took time to
clarify for bidding, MMDR Act needed changes. DELAY bidding delayed. THE
After being advised to proceed with auctioning, Coal Oppositions from stated like
Chhattisgarh, Rajasthan and Bengal caused delay.AUCTION Ministry wasted time.
23. SEPTEMBER 2012: COALGATE REACHES SUPREME COURT OF INDIA Advocate
M L Sharma filed a Public Interest Litigation(PIL) in the Supreme Court seeking to
cancel the allotment of 194 coal blocks on grounds of arbitrariness, illegality,
unconstitutionality and public interest. Defending the CAG, a Supreme Court
bench of Justices R M Lodha and A R Dave dismissed the Solicitor General
Rohinton Narimans objections that petition relies heavily on the CAG report by
saying, the CAG is a "constitutional authority" and that its report is "not a piece
of trash. Moreover, the court ordered the government to inform it of reasons
for not following the 2004 policy of "competitive bidding" for coal block
allocation. The apex court wanted to know not only the steps that have been
taken but also proposed against companies that have breached the agreement.
24. MONSOONSESSION BEGINS
25. The Parliament session, scheduled from August 8,2012 to September
7,2012, was expected to meet for 20 sittings with the agenda listing 29 pending
bills for consideration. The government had planned to introduce 15 new bills.
Initially proceedings were disrupted over the violence in Assam and concern over
exodus of Northeast students, the latter half has been washed off with BJPs
adamant stand demanding PM Manmohan Singhs resignation over Coalgate. So
far, during the budget and monsoon sessions, Parliament has passed 16 bills in
2012
26. WHY THE HEAT IS ON RELIANCE? The Sasan Plant wasReliance Power is
Developing a 4000 MW Plant then allotted a thirdunder Ultra Mega Power Project