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May 22, 2017· Image for representational purpose. A special court of the Central Bureau of Investigation on Friday sentenced former secretary Gupta, former joint secretary in Coal Ministry Kropha and former director of Coal Ministry Samaria two years in prison for their involvement in the Coal Scam.

The PNB scam is a clear indication of this, and of course the situation has been reflected in the Transparency International''s global corruption index. A lower ranking for India compared to previous years is certainly a black mark on the BJP government''s report card.

Aug 26, 2014· Coal scam: SC decision likely to create overhang, says Barclays. The Supreme Court''s decision that all coal blocks allocated during 1993 to 2010 by the government have been allocated illegally and arbitrarily, is likely to create overhang in the sector, according to a report.

"Clean coal" has once again become a hot topic, but most people don''t seem to know what it actually is or if it is even a real solution rather than just a marketing gimmick. Therefore, I want to talk about what it is, whether it delivers on its promises, and whether it is economically viable..

In the past decade or so, India has been victim to a number of audacious financial scams. They not only exposed the flaws in the system but showed the depths of human greed. While some of them reached their natural end and some are being fought in courts, they have only damaged and scarred innocent people''s lives. Here are seven such scams.

Want to know what the ''Coalgate'' scam is all about? Here are the 7 things you must be familiar with: #1 What is the coal allocation scam? In a nutshell, the coal allocation scam, or ''Coalgate'' as it is popularly referred to in the media, is a political scandal that engulfed the UPA government in 2012.

Coal impacts: water pollution. When you burn charcoal in your grill at home, ash is leftover. The same is true for coalfired power plants, which produce more than 100 million tons of coal ash every year. More than half of that waste ends up in ponds, lakes, landfills, and other sites where, over time, it can contaminate waterways and drinking water supplies.

Mining scams in India Jump to ... The spillover of the effects of legal mining into issues such as Naxalism and the distortion of the Indian political system by mixed politics and mining interests, has gained international attention. The latest scam that has come out is the Coal Mining Scam in which Government has had a ...

May 11, 2018· Banking scam: A drag on the economy. AHUMONGOUS problem that is being brushed under the carpet in India is the grave sickness in the banking .

Feb 14, 2018· Billion in India Bank Fraud Raises Fears of Ripple Effects. ... across the banking sector at a time when the country is struggling to meet its economic growth targets. ... Indian lenders ...

Economy; Coal Scam: SC reserves order on cancellation of 218 blocks. ... By way of affidavit, the Centre put on record the statement made by Attorney General that "the Union of India was not in favour of constitution of any committee to look into the consequences of the judgement,, declaration of allocation as illegal in the interest of ...

The coal mafia has had a negative effect on Indian industry, with coal supplies and quality varying erratically. Higher quality coal is sometimes selectively diverted, and missing coal is replaced with stones and boulders in railway cargo wagons. A human corpse has been discovered in a sealed coal wagon.

Sep 24, 2014· Supreme Court ruling on coal blocks likely to hit economy, India Inc says ... it is the coal which fires the economic growth, which will be halted, besides, the dependence on coal .

Coal allocation scam (or Coalgate) is a major political scandal concerning the Indian government''s allocation of the nation''s coal deposits to public sector enterprise (PSEs) and private companies. In a draft report issued in March 2014, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period ...

Apr 16, 2013· THE COAL SCAM A STUDY!! ... lakh Crore Rupees• Biggest scam in India by now• Report authenticated by Comptroller and Auditor General of India 3. What is the coal scam? A question many of you would IT IS!Simply put it is a corruption scandalwherein the Comptroller and AuditorGeneral of India (CAG) office hasaccused the ...

For coal, another reason is that the Indian Government has a policy goal of selfsufficiency in coal production (Goyal 2016). Coal currently accounts for 44 per cent of primary energy demand and this share has risen over time as s have transitioned from the use of traditional biomass (wood, straw, charcoal and dung) (IEA 2015).

Postliberalization period, Indian economy has witnessed several scams like Harshat Mehta Scam in 1992, Fodder Scam 0f 1996, UTI Scam of 2001, Satyam Scandal and most recently the 2G scam. These scams have just not led to the loss of millions of r...

Jul 23, 2016· Here''s a list of the 10 most mindnumbing scams that were a major blow to the Indian economy and reputation: 1. Commonwealth Games scam ... Indian coal allocation scam. Also known as the Coalgate ...

Apr 04, 2015· This paper discusses the gravity of the problem, how scams affect the economy, and a few major scams witnessed by the country. Introduction. Postliberalization period, Indian economy has witnessed several scams like Harshat Mehta Scam in 1992, Fodder Scam 0f 1996, UTI Scam of 2001, Satyam Scandal and most recently the 2G scam.

Aug 10, 2015· Coal allocation scam is a political scandal concerning the Indian government''s allocation of the nation''s coal deposits to Public Sector Entities (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an ...

Jan 20, 2020· India''s thermal coal imports have dropped for three months running, their longest sustained fall in over two years, as an economic slowdown stifles demand from key industrial consumers. "A demand ...

Sep 23, 2015· The Harshad Mehta scam is probably one of the most brilliantly engineered financial scams in the history of India and maybe even finance all across the globe. I once read this book on the scam by Sucheta Dalal which is a fantastic account of what ...

Apr 04, 2016· Forty of India''s biggest energy companies are being investigated by a wing of the Union Ministry of Finance for overinvoicing of imported coal. The artificially higher prices of coal have been passed on to electricity consumers across the country. The scam is conservatively estimated by government officials at no less than Rs 29,000 crore, a third of which is in the form of higher power ...

Feb 19, 2018· India News: In December 2014, DRI had unearthed a scam involving companies inflating the value of coal imports from Indonesia for their power plants and siphoning
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