Coal Blocks Allocation Scam

Coal de-allocation: India risks power cuts, Rs 4 lakh cr investments

India could face power disruptions even as Rs 4 lakh crore ($66 billion) worth of investments hang in balance with the Supreme Court Wednesday cancelling 214 coal blocks alloted since 1993 which it had declared illegal, stakeholders said.<br />

Firms with coal blocks could have to shell out Rs 10,000 cr in fines, estimates Crisil

Players who have operational coal blocks will witness a sharp decline in profitability post 2014-15, the ratings agency estimated.

SC's verdict on coal blocks: The real loser is the taxpayer, not the crony capitalist

As in the case of any scams that involves huge losses to the exchequer, the real loser is the taxpayer, the common man.

SC scraps 214 coal blocks, spares only four: Key highlights

The Supreme Court ruled on Wednesday that companies will have to return most of the coal blocks allocated illegally to them by the government since 1993, which could worsen an already severe shortage of the fuel in the short-term and raise imports.<br />

Coalgate: Govt takes neutral stance in SC, prepares to auction coal blocks

According to sources, the Ministry of Power and Coal is planning to auction the blocks, allocation of which may be scrapped by the apex court, by the end of the fiscal.

SC order on coalgate: Govt shouldn't auction coal blocks, here's a better option

A system of royalty would ensure that the fortunes of the exchequer are tied with those of the producer.

'28,000 MW of power generation capacity could be hit by SC order on coal'

The 28,000 MW capacity includes output from both state-run and private sector projects.<br />

SC coal blocks verdict will ruin Manmohan Singh's reputation- and the power sector

The SC order in the Coalgate scam will affect all power projects that were allocated mines after 1993. It will send a negative signal and a new tussle could begin between executive and court over policy-making