What is coal blocks allocation?
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Certain coal blocks were allocated by the Ministry of Power for Ultra Mega Power Projects (UMPP) through tariff based competitive bidding (bidding for coal based on the tariff at which power is sold). Between 1993 and 2011, 218 coal blocks were allocated to both public and private companies under the CMN Act.
How is cancellation of coal blocks allocation?
On September 24, the Supreme Court cancelled nearly all the 218 coal blocks the central government had allocated between 1993 and 2010. The court said the allocations were arbitrary, illegal and amounted to unfair distribution of national wealth.
How many coal blocks are in India?
There were 36 coal washeries in India as on 31 March 2020 with a total installed capacity of 143.44 million tonnes per year.
How is coal allocated India?
Currently the Central Government allocates coal blocks as per the rules laid down in the 1957 Act and one has to apply to the State Government for lease or license, once the allocation is done.
What is coal mining schedule?
Schedule I mines includes (i) all the 204 coal mines cancelled by the Supreme Court in August 2014, (ii) any land acquired by the prior allottee in or around the coal mines, and (iii) mine infrastructure. Schedule II includes 42 Schedule I mines that are currently under production or about to start production.
How is cancellation of coal blocks allocation by the Supreme Court of India likely to affect our current account deficit?
When credit items are less than the debit items, then it shows deficit in current account i.e. net outflow of foreign exchange. Accordingly, the cancellation of coal block by Supreme Court will affect the current account marginally.
What is the formula of coal?
Coal is divided into four classes: anthracite, bituminous, sub-bituminous, and lignite. Elemental analysis gives empirical formulas such as C137H97O9NS for bituminous coal and C240H90O4NS for high-grade anthracite. Anthracite coal is a dense, hard rock with a jet-black color and a metallic luster.
What is coal bearing act?
PREAMBLE. The Coal Bearing Areas (Acquisition and Development) Act, 1957 (20 of 1957) provide for the acquisition of land containing or likely to contain coal deposits and for matters connected therewith.
What is merchandise balance?
use in balance of payments accounting taken to using the expression “merchandise balance,” which unmistakably refers to trade in goods and excludes services and other occasions of international payment.
How many coal blocks were allocated to private companies?
The coal blocks scam In the early 1990s, the government decided to allocate such coal blocks to private companies that were not part of the production plan of PSUs Coal India Ltd and Singareni Collieries Company Limited (SCCL). Initially a list of 143 coal blocks was prepared, later inflated to 216.
What is a block of coal?
A block of coal is a mineral block that can also be used as a fuel . Blocks of coal can be mined using any pickaxe. If mined without a pickaxe, it drops nothing.
What is the CBI’s coal blocks allocation case?
The coal blocks allocation cases are among the CBI’s longest running probes, with the agency last registering a fresh FIR in the case in January 2020. It has since 2012 filed multiple chargesheets and even closed many cases for lack of evidence or culpability.
What is a mineral block?
This article is about the mineral block. For the ore, see Coal Ore. For the item, see Coal. A block of coal is a mineral block that can also be used as a fuel . Blocks of coal can be mined using any pickaxe.