Coal sector in makeover mode

New Delhi, Nov 26 | Updated: Nov 27 2004, 05:30am hrs
The government and the public sector coal companies have come up with a concrete plan to check leakages and loopholes in the coal sector.

Minister of state for coal and mines Dr Dasari Narayana Rao held a meeting with the chairman and managing directors and vigilance team of Coal India Limited (CIL) and its eight subsidiaries in Kolkata.

On the main issue of black marketing, it was decided to launch intensive verification of the bonafides of about 3000 linked consumers who are drawing coal from various companies as quite a few of them were reported to be misusing the linkage granted.

Besides, linked consumers will be asked to regularly produce documentary evidence of their production activities, according to officials.

Nineteen documents have been identified in this regard. These include income-tax returns, sales tax receipts, EPF registration and payment record, receipt of purchase of raw materials, account of bank loans, power bill, etc.

To check the connivance of PSU employees in the malpractices, it was decided to draw upa panel of inquiry officers to expedite enquiry proceedings for timely penal action against the accused, officials said.

It is understood that the coal ministry is in a makeover mode since it comes directly under the aegis of the Prime Minister. Entire gamut of issues including streamlining vigilance administration were discussed to identify the lacuna in the present system, they said.