24 September 2014

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Coal Scam Supreme Court Cancels 214 Coal Blocks

Coal Scam Supreme Court Cancels 214 Coal Blocks

Historic Judgement by Supreme Court of India

In a landmark judgement Supreme Court on Wednesday cancelled 214 of the coal blocks allocated between 1993 and 2010

The Government Centre is free to auction all cancelled blocks after March 2015.

SC didn’t cancelled 4 coal blocks as they were government run, non-joint ventures.
Two of the exempted coal blocks are in Madhya Pradesh and two in Jharkhand.
The coal blocks exempted include Sasan, UMPP, NTPC and SAIL.

Supreme Court said the coal blocks have to go as the allotments were illegal and arbitrary.

The Supreme Court has given six months' time for the blocks to wind up operations which are already operational 
The 42 blocks would till then be managed by Coal India.
The companies running these blocks also have to compensate the government by paying Rs. 295 per metric tonne.

Reality views by sm –

Wednesday, September 24, 2014

Tags – Coal Scam Coal Block


Unknown September 24, 2014  

Sounds like a really interesting issue.