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Coal-gate
The Coal allocation scam, dubbed in media as Coalgate, is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004–2009. Over the Summer of 2012, resulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption. Hereafter Draft CAG Report. The essence of the CAG's argument is that the Government had the authority to allocate coal blocks by a process of competitive bidding, but chose not to. As a result, both public sector enterprises (PSEs) and private firms paid less than they might have otherwise. In its draft report in March the CAG estimated the "windfall gain" to the allocatees was . The CAG Final R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of "-gate" Scandals And Controversies
This is a list of scandals or controversies whose names include a ''-gate'' suffix, by analogy with the Watergate scandal, as well as other incidents to which the suffix has (often facetiously) been applied. This list also includes controversies that are widely referred to with a ''-gate'' suffix, but may be referred to by another more common name (such as the New Orleans Saints bounty scandal, known as "Bountygate"). Use of the ''-gate'' suffix has spread beyond American English to many other countries and languages. Etymology, usage, and history of ''-gate'' The suffix ''wikt:-gate, -gate'' derives from the Watergate scandal of the United States in the early 1970s, which resulted in the resignation of President of the United States, US President Richard Nixon. The scandal was named after the Watergate complex in Washington, D.C., where the burglary giving rise to the scandal took place; the complex itself was named after the "Water Gate" area where symphony orchestra conce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
