Govt may give 9 mines being re-examined to Coal India

Last Updated: Wednesday, March 18, 2015, 20:36

The government is likely to give nine coal mines to state-run Coal India Ltd (CIL) in case the ongoing scrutiny establishes that there was cartelisation in the recent auction for these blocks.

Coal bill may clear RS hurdle, mines bill to go back to LS

Last Updated: Wednesday, March 18, 2015, 18:21

The crucial bill that provides for auctioning of coal may clear the Rajya Sabha hurdle after a Select Committee endorsed it by majority, though some members dissented, but a bill relating to other minerals will have to go back to Lok Sabha because of an amendment suggested by another panel.

No modification needed in Bill for coal auction: Parl panel

Last Updated: Wednesday, March 18, 2015, 16:00

The Bill that seek to replace the Ordinance issued by the government was passed by Lok Sabha but had to be referred to the Rajya Sabha Select Committee.

Coal auction: Manmohan Singh's incident will not be repeated, says Arun Jaitley

Last Updated: Tuesday, March 17, 2015, 19:25

Days after a court summoned former Prime Minister Manmohan Singh in a coal block scam case, Finance Minister Arun Jaitley Tuesday said the present government is pursuing the policy of auctioning coal blocks as it wants to avoid a similar situation.

Bids for 9 coal mines being re-examined; decision by weekend

Last Updated: Tuesday, March 17, 2015, 18:59

The government is re-examining the bids for nine recently auctioned coal blocks, including those where Balco emerged top bidders, amid speculation of cartelisation during the bidding process.

Coal auction: Govt names 8 winners in 2nd lot; withholds 6 names

Last Updated: Monday, March 16, 2015, 22:44

The names of successful firms pertaining to six coal blocks that went under the hammer in the second lot are missing from the government's list of winning bidders.

Govt to issue ownership rights of 15 coal mines on March 23

Last Updated: Sunday, March 15, 2015, 12:49

As many as nineteen mines under Schedule II (already in production) category were auctioned in the first leg held between February 14 and February 22.

Govt cancels proposed e-auction of Jamkhani mine in Odisha

Last Updated: Thursday, March 12, 2015, 20:44

The government has cancelled the proposed e-auction of Jamkhani coal block in Odisha which was scheduled to go under the hammer Friday as the last mine in the second tranche of auctions.

Rs 2 L cr revenue likely from 33 coal mines already auctioned

Last Updated: Thursday, March 12, 2015, 20:38

The government Thursday said around Rs 2.09 lakh crore revenue is likely to be generated from 33 coal mines already auctioned.

Coal auction: IMG to take final decision on 3 coal blocks

Last Updated: Thursday, March 12, 2015, 12:51

As per sources, Gare Palma 1V/1, 1V/2, 1V/3 and Marki Mangli block have been accused of cartelisation during the bidding process of coal auction.

Coal auction kitty hits Rs 2.07 lakh crore; tops CAG figure

Last Updated: Monday, March 9, 2015, 22:54

The coal auction kitty Monday crossed Rs two lakh crore mark after two more mines went under the hammer today in the ongoing e-auction -- surpassing CAG's estimate of Rs 1.86 lakh crore loss due to allocating mines without auction during the previous regimes.

Coal, spectrum sale proceeds cross Rs 3-lakh crore; beats CAG figure

Last Updated: Monday, March 9, 2015, 22:48

The auction kitty from sale of coal mines and telecom spectrum Monday swelled to over Rs three lakh crore -- exceeding all estimates including by CAG for value of such resources, which have been at the centre of two major scams in the recent years.