News related to Coal and Spectrum auction

Discussion in 'Economy & Infrastructure' started by NSG_Blackcats, Feb 17, 2015.

  1. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Coal auction a Rs 50,000cr annual bonanza for states

    Now those who questioned the figures quoted by CAG in coal scam got their answer? I am happy for my state and it will empower the states.
     
    Keshav Murali and Srinivas_K like this.
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  3. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Coal auction: Hindalco, Sunflag shine on day 2; aggressive bidding leaves prominent bidders out of race

     
  4. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Please visit below mentioned link for updates on allocation of mines.

    Link
     
  5. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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  6. ezsasa

    ezsasa Senior Member Senior Member

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    Other benefit of auctioning the coal blocks is the Rs 100 per tonne green tax applicable. This green tax will be used to offset the solar infrastructure being built. I think there is already a corpus of 36000 crores available since 2008, the more they mine the more the corpus increases.
     
    NSG_Blackcats likes this.
  7. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Telcos give Rs 20,435 crore as earnest money for spectrum auction

     
  8. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Mine allotment process for PSUs to start on Wednesday

     
  9. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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  10. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    So, the CAG has been vindicated.

    Auction worth Rs. 7000000000000 is hardly being discussed as part of mainstream discourse. Personal suit auction worth Rs. 10000000 is given reams and reams of space in all channels, all newspapers.

    Weird priorities the MSM has. Kaam ka news is buried in the 13th page. Bullshit is on the 1st page.
     
    mayfair and NSG_Blackcats like this.
  11. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Mines auctioned till now

    [​IMG]
     
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  12. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Coal auction: Govt mops up Rs 84,000 crore so far; second round to begin from Feb 25

     
  13. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Telecom auction gets Rs 60,000 crore bids on first day

     
  14. Peter

    Peter Senior Member Senior Member

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    Sir,

    What does minus sign before the winning prices indicate?(eg in WB case)
     
    Last edited: Mar 5, 2015
  15. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    I am not sure, those mines may be part of reverse auction (for power plants) . In reverse auction, lower bidder gets the mine and the company have to sell the power at cheaper rate.
     
    Peter likes this.
  16. anoop_mig25

    anoop_mig25 Senior Member Senior Member

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    Airwaves auction off to strong start, bids near $10 billion


    MUMBAI Wed Mar 4, 2015 Reuters

    (Reuters) - India's latest auction of radio wave frequencies for telecoms networks got off to strong start on Wednesday, with the government receiving bids worth about 617 billion rupees ($9.9 billion), according to bidding data. bit.ly/1B6SANL

    Market leaders Bharti Airtel and Vodafone Group Plc's local unit are among eight companies bidding to win the 20-year allocations in four different spectrum bands in an auction that the government reckons could raise $13.3 billion.

    Data released by the Department of Telecommunications after six rounds of bidding on the first day of the auction showed strong interest in the premium 900 megahertz band, which is currently being used for voice services but can also carry high-speed 3G data and has more reach than the higher-frequency, higher-capacity 1800 and 2100 MHz bands on offer.

    The auction could take days or even weeks depending on bidding intensity. The government will not disclose company-specific bids until the auction is over.
     
  17. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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  18. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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  19. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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  20. anoop_mig25

    anoop_mig25 Senior Member Senior Member

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    @NSG_Blackcats

    Has gov really gained all those money form auction of coal/mines/spectrum or it is projected one ...

    When would they gain all those money
     
    Last edited by a moderator: May 10, 2015
  21. NSG_Blackcats

    NSG_Blackcats Member of The Month OCTOBER 2009 Senior Member

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    Central government would gain revenue once the spectrum is allocated, most probably by April 2015. GoI is not yet declared the winner for spectrum bidding due to court order. But 90% of the spectrum has been allocated and the revenue as per yesterday was 1.05 lakh crore.

    Regarding coal mine - Both center and state govt will keep on getting the revenue during the entire life time of mines. The revenue will be generated in 3 forms. Revenue from coal mining for cement, steel etc industries (forward bidding done, revenue goes to states ), royalty from coal mining (both center and state will get it), revenue from lower power tariff (both state and center will benefit, coal mining for power plant was reverse bidding where the lowest bidder get the mine but the company have to sell his power at cheapest).

    State and center will get the projected revenue in due course of time as its based on tonnage of coal being mined. So we can be certain about revenue from mining and royalty but for revenue from lower power tariff, we have to wait.

    Government (both center and state) would also gain for other mining activities. As per the just passed new mining law every mine should be allocated in future only by auction.
     
    Last edited by a moderator: May 10, 2015

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