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Coal Pricing: The procedure of Coal pricing of pool coal is likely to be renewed. Admixing of Imported coal along with domestic coal had dismayed many States & Electricity generation companies. The States cite price hike resulting in higher elect. rates. Many States had denied acceptance of such coal.
PMO had asked Coal India Ltd. (CIL) to work along with Central Elect. Authority (CEA) to decide upon coal price. A proposal involving calorific value as base for fixing of coal price had come for price pooling model. It is in initial stages.
The Planning commission had told that CIL should fix the value after mixing with the domestic coal so that it doesn't appear costly as of now. As per CIL, Fuel Supply agreement (FSA) amendment is linked with the system of price pooling. If it is sanctioned, 15% of such coal could be given.
The Planning Commission told that Price pooling should be adopted for ensuring Coal supply. Presently, 30 companies had signed for FSA with CIL.
PMO had asked Coal India Ltd. (CIL) to work along with Central Elect. Authority (CEA) to decide upon coal price. A proposal involving calorific value as base for fixing of coal price had come for price pooling model. It is in initial stages.
The Planning commission had told that CIL should fix the value after mixing with the domestic coal so that it doesn't appear costly as of now. As per CIL, Fuel Supply agreement (FSA) amendment is linked with the system of price pooling. If it is sanctioned, 15% of such coal could be given.
The Planning Commission told that Price pooling should be adopted for ensuring Coal supply. Presently, 30 companies had signed for FSA with CIL.
2G Spectrum: The re-auctioning of 2G spectrum after cancellation of 122 licenses by Supreme Court being issued earlier was done one day prior to the Diwali festive season. Due to higher spectrum price, telecon. companies are disinterested. The government had sought tenders for 176 blocks of 22 circles. But only 98 blocks of 18 circles were bidded. No bidding for Mumbai, Delhi, Karnataka & Rajasthan was done. As per telecon. minister, only 55% of the Spectrum to be solded was bidded. The aim to curb fiscal deficit by selling of Spectrum had thus failed partially.
The 10 Circles of Western UP had been sold with 9 block sales being assured in Eastern UP circle. Gujarat & Bihar is also enthusiastically bidded with 8 blocks each nearing final stages. Assam's 7 blocks, & 6 blocks each of Haryana, J&K, MP, NE, Odisha, & WB were successfully bidded. Maharashtra's 5 blocks are nearing final stages. Himachal, Kerala, & Punjab's 3 blocks each are sold. Andhra, Tamil Nadu & Kolkata's 4 blocks each are sold too. Fore entire countrywide circle, no bid was made.
It is to note that earlier CAG had pointed that due to non-auctioning of the Spectrum, a loss of revenue worth 1.76 lakh crore rupees took place. As per new bidding, min. 14,000 crores rupees would have to be paid for 5 MHz Spectrum of 22 telecon. circles. This is approx. 7 times higher than previous paid value of 1,658 crores by telecon. companies. Also, License fees had to be paid separately.
The 10 Circles of Western UP had been sold with 9 block sales being assured in Eastern UP circle. Gujarat & Bihar is also enthusiastically bidded with 8 blocks each nearing final stages. Assam's 7 blocks, & 6 blocks each of Haryana, J&K, MP, NE, Odisha, & WB were successfully bidded. Maharashtra's 5 blocks are nearing final stages. Himachal, Kerala, & Punjab's 3 blocks each are sold. Andhra, Tamil Nadu & Kolkata's 4 blocks each are sold too. Fore entire countrywide circle, no bid was made.
It is to note that earlier CAG had pointed that due to non-auctioning of the Spectrum, a loss of revenue worth 1.76 lakh crore rupees took place. As per new bidding, min. 14,000 crores rupees would have to be paid for 5 MHz Spectrum of 22 telecon. circles. This is approx. 7 times higher than previous paid value of 1,658 crores by telecon. companies. Also, License fees had to be paid separately.
With regards,
M.K.Pachraiya
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