-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...

-PTI In the wake of controversies shrouding coal mines allocation, an inter-ministerial panel will decide next week the fate of 58 blocks which the private companies and PSUs failed to develop within allowed time. The government has already issued de-allocation notices to 35 government firms and 23 private companies which failed to develop the same allotted for captive use in the given time-frame. "An Inter-Ministerial Group, headed by Additional Secretary, Coal, Zohra Chatterji...

-The Telegraph The government today dug out a 2006 verdict to argue that the Supreme Court was against auction of Coal Blocks as law minister Salman Khurshid questioned the presumptive revenue loss of Rs 1.86 lakh crore in the allocation of 57 blocks. Congress spokesperson Manish Tewari, who addressed a joint media conference with Khurshid, read out the verdict that had nullified the NDA government’s plan for e-auction of Coal Blocks. The verdict...

-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...

-The Hindu Refusing to join the public debate over its findings on the Centre’s coal block allocation during 2004-08, Comptroller and Auditor-General (CAG) Vinod Rai on Tuesday said he would clarify his position at an appropriate forum. The CAG report has come under attack from the Prime Minister, the Congress party and critics. The watchdog was criticised for coming out with ‘presumptive figures when no loss had taken place.’ “Being a Constitutional authority,...