Has the government collected from the BG for companies that did not start producing/meet production targets?

25. Has the government collected from the BG for companies that did not start
producing/meet production targets?

In addition to implementing the BG system poorly, the UPA government failed to treat the
penalisation of non-producing companies with any seriousness -
The government has no methodology for accounting of BG, as a result of which the
Ministry of Coal could not encash BG amounting to Rs. 12.94 Cr against 6 blocks, which it is
entitled to.
● Though the CCO recommended that the Ministry of Coal penalise 15 allottees for delay in
production, the Ministry did not do so.
● In an omission that can only be termed as negligent, the government allowed the BG of 15
blocks, amounting to Rs. 311.16 Cr to lapse.