NEW DELHI | Nov 01, 2016: The coal sector has emerged as the frontrunner among 20 government undertakings that have brought down corruption under the NDA government. The discriminatory allocation of coal blocks had dragged even former Prime Minister Manmohan Singh into the controversy during the UPA government’s tenure.

Central Vigilance Commissioner KV Chowdary on Monday said Coal India was among the top public undertakings in ‘preventive vigilance’ that started in 2015 seeking suggestion from public undertakings and government departments to bring down corrupt practices.

The list and rankings of all the 20 departments will be released by Prime Minister Narendra Modi on November 7, said officials.

According to CVC, Coal IndiaBSE 2.33 % has introducing GPS-enable trucks to carry coal from mines to so said that they are trying to develop a mechanism for reporting of big bank frauds.

“A meeting was held with senior finance ministry officials, banks, RBI and CBI. We have come up with reporting and definition of fraud for banks,” vigilance commissioner TM Bhasin told ET.

The anti-corruption watchdog plans to hold meetings of senior officials of Finance Ministry officials, CBI and Reserve Bank of India every month to monitor probe in suspected bank frauds of Rs 50 crore and above.

The banks have been asked to share their reports of fraud monitoring and reporting mechanism with the CVC in cases where the fraud of Rs 1 crore and above has been reported.

(Source: http://economictimes.indiatimes.com/)