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Firms with 'rigged' units gave allotment of coal blocksContravention of existing law seems to have been a way of life for the us govenment as far as the contentious coal block allocations are concerned.
As was the case with 2g spectrum portion in january, 2008, several hastily rigged up entities not conforming to the likes and dislikes of the time were given preferential allotment of http://www.milagrofilms.ca/bracelets-pandora.html coal blocks.
In the first come first served selection allotment, real estate companies among others were the prime receivers.These realty firms had no training in telecom.
In the same manner, coal mining contracts were awarded to firms which had a nodding buddie with power, steel and cement formation.The law makes it necessary that private captive mining would be allowed only for these three sectors.
The legal santosh hegde, former top court judge who blew the lid of the bellary mining scam told mail today,"Some of short term installment loan had nothing to do with coal, had no feature coal but were given blocks and they sold it to others at a premium.Government did not keep a track of what went down after blocks were allocated, he was quoted saying.
"There has without a doubt been some mischief.It seems there was a deliberate lack of supervision a celebrity.Coal blocks should only be given to actual users to see it is not sold away confined after allotment.The government must ensure that there are strict supervision and strict penalties, he figured.
A united states governing commissioned report, finalised even as february 2012, has clearly hinted that granting of coal blocks to firms without any experience with the approved sectors may have violated laws.
This indiscriminate preferential allotment of scarce and precious natural and national resources in an arbitrary manner is at the root for a minimum of two recent scams.
Match commission of india chairman ashok chawla, who headed the nation's committee on natural resources, said that underneath the coal mines nationalisation act private companies in the power, cement and steel sectors can be specific mines only for captive use.
"This is a very hard to follow clause as it clearly defines that the private company being allocated the coal mine must itself be the enduser of this coal, he went ahead and inserted.The act does not let the private companies to supply this coal to other firms, he was quoted saying.
Legal vulnerability and standing judicial scrutiny is something which legal eagles are now arguing about.A 'report on competition in the coal sector' prepared for the corporate affairs ministry by the indian institute of corporate affairs states: "Location 3(3)Your day coal mines(Nationalisation)Rerespond 1973, prohibits any person as apposed to the central government, a navy company, or a company engaged in output of power, iron and metal, and cement from carrying on coal mining operations of all sorts.In the event of the coal industry in india, the procedures restricts entry and confers exclusive rights, by statutorily limiting producing coal to government companies.
While the finance ministry has been arguing that examining coal contracts may http://www.milagrofilms.ca/ open a pandora's box at this stage where those awarded blocks can take legal recourse against government entities, contrarian opinion is that discretionary allocation can equally be a problem if challenged through a public interest suit.
That procedure will not followed is a given.Gopal jain, advocate top court,"Everyone in your policy framework was loose and amorphous.What was the standards for allotment of coal blocks?There is certainly answer.Everything scaled like discretion.The same principle happened in spectrum allocation and now the government is giving the same explanations.The backdrop of the people was never checked.Even without the an objectively defined criteria for allotment of blocks what else do you expect,
