-The Hindu Even as UPA-II and the Opposition are bracing themselves for confrontation in and outside Parliament over coal blocks allocations during 2004-09, the Prime Minister’s Office and the Coal Ministry are ready with their defence: the policy imperative was to augment production by supplementing Coal India’s efforts with private participation within the parameters of law. According to documents available with The Hindu , the arguments, which the government hopes to present...
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Reforms, competition in distribution and end to coal monopoly only antidotes to power failures-Arvind Panagariya
-The Economic Times The power failure in India on July 30-31 was big news in US media. When the radio and TV stations began calling with the question whether this spelt the end to India's claims to global-power status, my first reaction was to remind them that a similar failure of the grid in 2003 had drowned the entire Northeast and Midwest in the US and Ontario in Canada into darkness. But,...
More »BJP-led Chhattisgarh, Rajasthan opposed competitive bidding-Sujay Mehdudia
-The Hindu The Bharatiya Janata Party and other opposition parties are crying foul over Prime Minister Manmohan Singh’s alleged involvement in the coal blocks allocation scam but the BJP-led Chhattisgarh and Rajasthan governments themselves were among the strong opponents to a transparent process of competitive bidding, and pitched for continuing the policy of allocation of coal blocks. Documents with The Hindu show that the BJP governments were against putting in place an...
More »The coal allocation mess
-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...
More »Law ministry twice advised for auction but coal ministry ignored: CAG-Sanjay Dutta & Pradeep Thakur
-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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