-The Times of India Pointing out that the government extended windfall gains of Rs 1.86 lakh crore to private players by distributing coal blocks without bidding over years, the CAG has said, "A part of this financial gain could have accrued to the national exchequer by operationalizing the decision taken years earlier to introduce competitive bidding for allocation of coal blocks. Therefore, audit is of strong opinion that there is a...
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Supreme Court rules out revival of mining without rehabilitation -J Venkatesan
-The Hindu Forest Bench says statutory clearance is a must The Forest Bench of the Supreme Court on Friday made it clear that no iron ore mining operations in Karnataka shall be permitted to resume unless there was statutory clearance for mining and till reclamation and rehabilitation was implemented in full. The Bench, comprising Justice Aftab Alam, Justice K.S. Radhakrishnan and Justice Swatanter Kumar, took the decision after the Central Empowered Committee in...
More »10 facts on Rs 1.86 lakh crore 'Coalgate' loss
-Yahoo.com The Comptroller and Auditor General on Friday tabled three reports -- on power, coal and airports -- in Parliament, almost indicting the UPA government for allegedly 'causing' a loss of more than Rs 1.86 lakh crore to the exchequer. The report has also lambasted the government for favouring private companies who benefitted from such 'largesse', giving the opposition parties a lot of fodder to them to hit out at the government...
More »Russian reactors in Kudankulam to fall under liability law-Rajeev Deshpande
-The Times of India In what will set the bar for India's nuclear contracts, Russia's plea that two reactors planned at Kudankulam in Tamil Nadu — apart from units 1 and 2 — be exempted from provisions of the tough nuclear liability law may not be accepted. Reactors 1 and 2 that are to go on stream soon are not covered by the 2010 liability law that makes suppliers of a nuclear...
More »Every poor family may get a mobile-Mahendra Kumar Singh
-The Times of India In what could turn out to be its calling card for the 2014 general elections, the government is finalizing a Rs 7,000 crore scheme to give one mobile phone to every family living below the poverty line. Sources in the PMO said the scheme—Har Hath Mein Phone—expected to be announced by PM Manmohan Singh on August 15, will not only aim to give away mobiles to around six...
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