1. Coal allocation scam Coal allocation scam or Coalgate‚ is a political scandal concerning the Indian government’s allocation of the nation’s coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh. 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‚ the opposition BJP
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Global warming is a mixture of troubles including one specific carbon problem caused by the production coal and use of coal fired power plants. Americans overuse power‚ overeat food‚ overindulge in plug-in gadgets and overdo just about everything. Fossil fuels are used in our consumption of the overabundance of energy we use and waste. This overwhelming problem that centralizes around the use of coal‚ the filthiest source of energy‚ producing over 25% of our emissions and 75% of our emissions from
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So is Europe‚ as it takes advantage of lower coal prices in the United States. Higher-priced natural gas on the Continent is creating demand for more coal imports from the United States‚ where coal is taking a drubbing from less expensive natural gas.l demand for coal is expected to grow to 8.9 billion tons by 2016 from 7.9 billion tons this year. China is expected to add about 160 new coal-fired plants to the 620 operating now‚ within four years. During that period‚ India will add more than 46 plants
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Coal is made largely of carbon but also features other elements such as hydrogen‚ oxygen‚ sulfur and nitrogen. Coal starts off as a plant matter at the bottom of water and is eventually covered and deeply buried by sediments where over time metamorphosis takes place. When peat is altered physically and chemically. This process is called “coalification.” During coalification‚ peat undergoes several changes as a result of bacterial decay‚ compaction‚ heat and time. Peat deposits are varied and contain
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Article Summary: The upcoming fight between the environmental protection agency and congress in on the usage of coal and is known as “War on Coal”. The environmental protection agency has funded many ads which support the President Obama’s vision of limiting carbon dioxide emissions from coal fired power plants. The ad campaign will target five states New Hampshire‚ Illinois‚ Pennsylvania‚ Arizona and Washington D.C. According to environmental protection agency the congress has to decide if they
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Coal allocation scam or Coalgate‚[1] as referred by the media‚ is a political scandal concerning the Indian government’s allocation of the nation’s coal deposits to public sector entities (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‚ the opposition BJP lodged a complaint resulting
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Revenue means income. Allocation means to divide. Revenue allocation is defined as the division of available resources within an organisation or company. At a broader level‚ it is the process of assigning a cost to the amount of services and products generated. Government revenue is obtained from taxes‚ licenses and fees and allocated to public facilities. Because of the current revenue allocation formula in Nigeria‚ though there is a great deal of wealth in the country from the oil industry‚ 64%
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Economics is the allocation of scarce resources among competing ends. To some extent‚ virtually everything is scarce - money‚ food‚ water‚ dates for the prom... but some resources are scarcer than others‚ and deserve special attention from those with the tools to allocate them properly. Basically scarce resources can be defined as the limit a society has on a particular resource that is less obtainable than others which are readily attainable. Some examples of some scarce resources that are found
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2 Economic Systems for Resource Allocation Decisions about resource allocation are necessary because we live in a world of scarcity. A review of the ideas listed at Key Points 1.1 and 1.2 should remind you of how central this basic premise is to the study of any branch of economics. To take a surreal example‚ when you open your front door in the early morning there are not millions of bottles of milk covering the neighbour’s lawn; nor is there no milk. There is just enough bottled milk to meet
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