GATE

2004-2009

SCAM HAPPEN ?

•HOW DID THIS

The INTIAL process

Under the Coal Mines Nationalization

Act, 1973

(CIL) & (SCCL).

Demand &supply

Captive Blocks

screening committee

no set criteria for allotment

To get an idea of its scale let’s see what this

money could have bought : :

334 million tonnes of Rice

74 cities can have metro system

21 years of basic access to drinking water

11 manned trips to the moon

Politicians in dock

Subodh Kant Sahay(Congres’s)

S. Jagathrakshakan(DMK’s)

Ajay Sancheti(BJP’s)

Vijay Darda & Rajendra Darda(Congres’s)

Premchand Gupta (RJD)

Naveen Jindal (Congres’s)

‘Who’ is responsible ?

The comptroller and Auditor General of India puts the coal ministry and the government,

particularly the PMO’s office during the period 2004-2009 as

responsible for the misallocation of the coal blocks.

At that time coal ministry was

Dr Manmohan Singh

The after effects

Apart from the windfall loss, this mother of all scams can also be blamed for loss of Rs

126 crore due to non functioning of the parliament.

Supreme Court’s decisionSupreme Court scraps 214 coal blocks, gives companies 6 months to wind

up

•The Supreme Court has said that the government can auction all cancelled blocks at the end of six months in March, 2015

•The Supreme Court has also asked the companies running the coal blocks for the next months to pay Rs.295 per tonne of coal they extract

PRESENTED BY,PRADEEP R