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'''Coal Mining Scam''' or '''Coalgate''' is a allegedly a corruption scandal in which [[Comptroller and Auditor General of India]] (CAG) office accuse the Government of India for providing the nation's coal deposits to private and state-run entities instead of publicly auctioning them off to the highest bidder, resulting {{INRConvert|1067000|c}} losses from 2004-2009. As of March 23, 2012 this Scam is neither been proven nor even investigated fully.<ref>{{cite news | url=http://www.globalpost.com/dispatches/globalpost-blogs/india/coalgate-scam-environment | title=GreenTalk: "Coalgate scam" should draw attention to India's wholesale destruction of the environment | work=Jason Overdorf | date=March 23, 2012 | accessdate=March 23, 2012}} </ref><ref>{{cite news|title=India loses $210 billion in coal sales in 'mother of all scams'|url=http://www.dnaindia.com/india/report_india-loses-210-billion-in-coal-sales-in-mother-of-all-scams_1665788|accessdate=22 March 2012|newspaper=DNA India|date=22 March 2012}}</ref> It is called by the media as Mother of all Scams.<ref>{{cite news|title=Potential coal mining scam in Madhya Pradesh, Chhattisgarh?|url=http://ibnlive.in.com/news/potential-coal-mining-scam-in-mp-chhattisgarh/241626-3.html|accessdate=22 March 2012|newspaper=IBN Live|date=22 March 2012}}</ref><ref>{{cite news|title=Coal scam shakes parliament; opposition says PM held portfolio, must explain|url=http://www.ndtv.com/article/india/row-over-cags-coal-mining-report-188735|accessdate=22 March 2012|newspaper=NDTV|date=22 March 2012}}</ref> At least three [[English]] news media reported this coal mining scam as '''Coalgate'''.<ref>[http://economictimes.indiatimes.com/news/politics/nation/coalgate-government-releases-bits-of-cag-letter-to-deny-toi-report/articleshow/12376684.cms 'Coalgate': Government releases bits of CAG letter to deny TOI report] Economic times. 23 MAR, 2012</ref><ref>[http://www.deccanherald.com/content/236474/coalgate-report-rocks-parliament.html Coalgate report rocks Parliament ] Deccan Herald. Mar 22, 2012</ref><ref>[http://timesofindia.indiatimes.com/india/Coalgate-Govt-releases-bits-of-CAG-letter-to-deny-TOI-report/articleshow/12374116.cms 'Coalgate': Govt releases bits of CAG letter to deny TOI report] Times of India Mar 23, 2012</ref>
'''Coal Mining Scam''' or '''Coalgate''' is a allegedly a corruption scandal in which [[Comptroller and Auditor General of India]] (CAG) office accuse the Government of India for providing the nation's coal deposits to private and state-run entities instead of publicly auctioning them off to the highest bidder, resulting {{INRConvert|1067000|c}} losses from 2004-2009.
As of March 23, 2012 this Scam is neither been proven nor even investigated fully.<ref>{{cite news | url=http://www.globalpost.com/dispatches/globalpost-blogs/india/coalgate-scam-environment | title=GreenTalk: "Coalgate scam" should draw attention to India's wholesale destruction of the environment | work=Jason Overdorf | date=March 23, 2012 | accessdate=March 23, 2012}} </ref><ref>{{cite news|title=India loses $210 billion in coal sales in 'mother of all scams'|url=http://www.dnaindia.com/india/report_india-loses-210-billion-in-coal-sales-in-mother-of-all-scams_1665788|accessdate=22 March 2012|newspaper=DNA India|date=22 March 2012}}</ref> It is called by the media as Mother of all Scams.<ref>{{cite news|title=Potential coal mining scam in Madhya Pradesh, Chhattisgarh?|url=http://ibnlive.in.com/news/potential-coal-mining-scam-in-mp-chhattisgarh/241626-3.html|accessdate=22 March 2012|newspaper=IBN Live|date=22 March 2012}}</ref><ref>{{cite news|title=Coal scam shakes parliament; opposition says PM held portfolio, must explain|url=http://www.ndtv.com/article/india/row-over-cags-coal-mining-report-188735|accessdate=22 March 2012|newspaper=NDTV|date=22 March 2012}}</ref> At least three [[English]] news media reported this coal mining scam as '''Coalgate'''.<ref>[http://economictimes.indiatimes.com/news/politics/nation/coalgate-government-releases-bits-of-cag-letter-to-deny-toi-report/articleshow/12376684.cms 'Coalgate': Government releases bits of CAG letter to deny TOI report] Economic times. 23 MAR, 2012</ref><ref>[http://www.deccanherald.com/content/236474/coalgate-report-rocks-parliament.html Coalgate report rocks Parliament ] Deccan Herald. Mar 22, 2012</ref><ref>[http://timesofindia.indiatimes.com/india/Coalgate-Govt-releases-bits-of-CAG-letter-to-deny-TOI-report/articleshow/12374116.cms 'Coalgate': Govt releases bits of CAG letter to deny TOI report] Times of India Mar 23, 2012</ref>


According to The [[Comptroller and Auditor General of India]] this is a leak of the initial draft and the details being brought out were observations which are under discussion at a very preliminary stage. <ref>{{cite news | url=http://edition.cnn.com/2012/03/23/world/asia/india-coal-scandal/?hpt=hp_bn1 | title=Report on coal fields creates fresh furor for Indian government | work=CNN | date=March 23, 2012 | accessdate=March 23, 2012}}</ref>
⚫
According to [[Times Of India]], named a number of beneficiaries in both the public and private sectors. The biggest of these include [[NTPC]], a joint venture between the [[Tata Group]] and [[Sasol]], [[Jindal Steel]] and Power and a number of electricity boards. <ref>{{cite news|title=Coal mining blocks: Report suggests Tatas, Jindals, NTPC, MMTC made windfall gains|url=http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals-mining/coal-mining-blocks-government-gets-a-breather-as-cag-denies-report/articleshow/12374824.cms|accessdate=23 March 2012}}</ref><ref>{{cite news|title=CAG: Govt lost Rs 10.7 lakh crore by not auctioning coal blocks|url=http://timesofindia.indiatimes.com/india/CAG-Govt-lost-Rs-10-7-lakh-crore-by-not-auctioning-coal-blocks/articleshow/12360183.cms|accessdate=23 March 2012|newspaper=Times of India|date=Mar 22, 2012}}</ref>


⚫
According to [[Times Of India]], 155 coal blocks to some 100 firms are allocated to the public and private sectors companys. The biggest of these include [[NTPC]], a joint venture between the [[Tata Group]] and [[Sasol]], [[Jindal Steel]] and Power and a number of electricity boards. <ref>{{cite news|title=Coal mining blocks: Report suggests Tatas, Jindals, NTPC, MMTC made windfall gains|url=http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals-mining/coal-mining-blocks-government-gets-a-breather-as-cag-denies-report/articleshow/12374824.cms|accessdate=23 March 2012}}</ref><ref>{{cite news|title=CAG: Govt lost Rs 10.7 lakh crore by not auctioning coal blocks|url=http://timesofindia.indiatimes.com/india/CAG-Govt-lost-Rs-10-7-lakh-crore-by-not-auctioning-coal-blocks/articleshow/12360183.cms|accessdate=23 March 2012|newspaper=Times of India|date=Mar 22, 2012}}</ref>
==External links==
==External links==
* [http://economictimes.indiatimes.com/news/politics/nation/coalgate-full-text-of-cags-letter-to-prime-minister/articleshow/12376699.cms Full text of CAG's letter to Prime Minister ]
* [http://economictimes.indiatimes.com/news/politics/nation/coalgate-full-text-of-cags-letter-to-prime-minister/articleshow/12376699.cms Full text of CAG's letter to Prime Minister ]

Revision as of 10:06, 23 March 2012

Coal Mining Scam or Coalgate is a allegedly a corruption scandal in which Comptroller and Auditor General of India (CAG) office accuse the Government of India for providing the nation's coal deposits to private and state-run entities instead of publicly auctioning them off to the highest bidder, resulting ₹1,067,000 crore (US$130 billion) losses from 2004-2009. As of March 23, 2012 this Scam is neither been proven nor even investigated fully.[1][2] It is called by the media as Mother of all Scams.[3][4] At least three English news media reported this coal mining scam as Coalgate.[5][6][7]

According to The Comptroller and Auditor General of India this is a leak of the initial draft and the details being brought out were observations which are under discussion at a very preliminary stage. [8]

According to Times Of India, 155 coal blocks to some 100 firms are allocated to the public and private sectors companys. The biggest of these include NTPC, a joint venture between the Tata Group and Sasol, Jindal Steel and Power and a number of electricity boards. [9][10]

References

  1. ^ "GreenTalk: "Coalgate scam" should draw attention to India's wholesale destruction of the environment". Jason Overdorf. March 23, 2012. Retrieved March 23, 2012.
  2. ^ "India loses $210 billion in coal sales in 'mother of all scams'". DNA India. 22 March 2012. Retrieved 22 March 2012.
  3. ^ "Potential coal mining scam in Madhya Pradesh, Chhattisgarh?". IBN Live. 22 March 2012. Retrieved 22 March 2012.
  4. ^ "Coal scam shakes parliament; opposition says PM held portfolio, must explain". NDTV. 22 March 2012. Retrieved 22 March 2012.
  5. ^ 'Coalgate': Government releases bits of CAG letter to deny TOI report Economic times. 23 MAR, 2012
  6. ^ Coalgate report rocks Parliament Deccan Herald. Mar 22, 2012
  7. ^ 'Coalgate': Govt releases bits of CAG letter to deny TOI report Times of India Mar 23, 2012
  8. ^ "Report on coal fields creates fresh furor for Indian government". CNN. March 23, 2012. Retrieved March 23, 2012.
  9. ^ "Coal mining blocks: Report suggests Tatas, Jindals, NTPC, MMTC made windfall gains". Retrieved 23 March 2012.
  10. ^ "CAG: Govt lost Rs 10.7 lakh crore by not auctioning coal blocks". Times of India. Mar 22, 2012. Retrieved 23 March 2012.

See also

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