-The Indian Express A coal mine worker in Jharkhand and an expert on the coal industry called to protest against what he called was the noora kushti (shadowboxing) going on in Delhi. The power of the coal players was earlier seen in Jharkhand politics, he said, but now we see it in Delhi. Our players are small, yours are big and powerful. With the CBI itself unearthing prima facie evidence of...
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Partha S Bhattacharya, Chairman and managing director of Coal India Ltd (CIL) during 2006-2011 interviewed by Arindam Mukherjee
-Outlook Partha S. Bhattacharya, who was the chairman and managing director of Coal India Ltd (CIL) between 2006 and 2011, is credited with turning around the PSU. He spoke to Arindam Mukherjee on the heat and dust generated by the CAG report on allocation of coal blocks to private players. Excerpts: * Should the government allow the private sector into coal mining? There is plenty of coal for everyone. We are, at the...
More »Natural resources: A blessing or a curse for nations?-Joseph E Stiglitz
-The Economic Times New discoveries of natural resources in several African countries - including Ghana, Uganda, Tanzania, and Mozambique - raise an important question: will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries? On average, resource-rich countries have done even more poorly than countries without resources. They have grown more slowly, and with greater inequality...
More »Political expedience should not override norms of democracy
-The Economic Times The disruption of Parliament over coal raises four issues. The first is the BJP not allowing a debate to take place on the so-called coal scam. The second is the machinations in coal and the Comptroller and Auditor General's estimate of loss and gain. The third is the CAG suggesting that the government should have overridden the objections of state governments to the Centre's proposal to hold Auctions for...
More »Fix responsibility, don't nitpick, says CAG official-Shalini Singh
-The Hindu Real intent of auditor’s work is to end crony capitalism On a day Parliament was forced to shut down over Opposition calls for the resignation of Prime Minister Manmohan Singh in the wake of the Comptroller and Auditor General’s incriminating report on coal blocks allocation, the CAG itself held firm against increasingly ferocious attacks by the United Progressive Alliance. An official close to the CAG and the preparation of the controversial...
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