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Firms cashed in on coal blocks by selling stakes before mining -Gaurav Choudhury and Rajesh Ahuja

-The Hindustan Times The coal-block allocation scandal is increasingly looking like a sequel to the 2G spectrum scam as far as the behaviour of the companies involved is concerned. As was with the telecom scam, many of the “coalgate” companies that cornered the government-allocated resource — like the spectrum — have used it to raise money from the market at hefty valuations. Promoters of more than 10 companies are believed to have...

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Passage of Lokpal Bill Set to Be Delayed Further

-PTI The passage of the Lokpal bill is set to be delayed further with a Parliamentary Committee examining the legislation likely to seek an extension till the beginning of the Winter session of Parliament. The Rajya Select Committee on Lokpal/Lokayukta Bill which met today is learnt to have decided to seek an extension of its term to complete the examination of the measure. The term of the panel ends on September 3 and...

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Consensus eludes UPA on land Bill-Liz Mathew

-Live Mint Cabinet refers land acquisition Bill to GoM to resolve differences after five ministers express apprehensions Differences within the Union cabinet have nixed the plans of the Congress-led United Progressive Alliance (UPA) to fast-track a new legislation for land acquisition and compensation, widely seen as a key measure to spur investment in the economy. Consequently, the cabinet on Tuesday referred the controversial land acquisition Bill to a ministerial group (a so-called group...

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Scrap coal blocks, CAG likely to say -Pradeep Thakur

-The Times of India The Comptroller and Auditor General is likely to make a strong pitch for scrapping all the controversial allocations of coal mines during its presentation to Parliament's Public Accounts Committee. Sources said the auditor looks set to cite total lack of transparency in the recommendations made by the screening committee for allocation of coal blocks worth thousands of crores. In its presentation to the PAC likely next week, the...

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Parliamentary Committee pulls up government over nuclear liability rules -P Sunderarajan

-The Hindu ‘Amend Rule 24 suitably to remove the limitations on liability’ A parliamentary panel has come down heavily on the government for imposing limitations on liability amount as well as the duration of the liability period under the proposed rules under the Civil Liability for Nuclear Damage Act. Noting that the limitations imposed under Rule 24 of theCLND were not contemplated under the Act, the panel pointed out rules must be consistent...

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