-The Hindu ‘Competitive bidding would favour private players, give rise to monopolies’ Even as the controversy over the Comptroller and Auditor-General’s (CAG) report on coal blocks allocation that reportedly caused a loss of Rs. 1.86 lakh crore to the national exchequer rages, the Communist Party of India (Marxist) has said coal allocations and mining, in future, should be done through the public sector. In an article in party organ People’s Democracy, party general...

-Live Mint The report of the Comptroller and Auditor General (CAG) on the allotment of captive coal mines is a scathing narrative on the mis-governance and mismanagement of the country’s natural resources. As early as 2004, the government realized that the then prevailing system of allotment of mines was not transparent. An internal debate kicked off with the coal secretary pushing for a 28 June 2004 deadline for reforms in the...

Union minister for consumer affairs, food and public distribution KV Thomas tells Nitin Sethi that it makes better sense to distribute stocked foodgrain to people of the country than subsidise exports. Possible spread of drought that the government is looking at... At the moment, monsoon rainfall is 23% below the long term average. But we have to wait another 15 days to know the full situation. We had discussion in the presence...

-The Hindu Auction alone cannot be insisted upon for disposal of all types of natural resources, Attorney General (AG) G.E. Vahanvati asserted in the Supreme Court on Thursday. Such an approach mandated in the 2G judgment, apart from being impractical in certain situations, can be counter-productive and can impact planned and coordinated growth and economy of the country, the AG told a five-judge Constitution Bench comprising Chief Justice S.H. Kapadia and Justices...

The ASCI report says there is ample evidence of “market dominance” in specific media markets, but the government has ignored the report for three years. A ministry official tells PARANJOY GUHA THAKURTA that it is unlikely to be implemented. A report prepared by an independent institution recommending imposition of cross-media ownership restrictions recently entered the public domain nearly three years after it was submitted,  following a rebuke to the government by...