-The Hindu The approved methodology for auction of coal mines / blocks for sale will prioritise on transparency and ease of doing business. The Centre opened up commercial coal mining for the private sector on February 20. About 70% of power generated in India uses coal. Domestic coal has been able to meet only 75% of our annual coal demand. * What is the significance of the move? The government has termed it the...
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Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »National Mineral Policy Review - A Golden Chance for Change -Rahul Basu
-TheWire.in While illegal mining is worrying, what is little understood is the enormous loot that is taking place legally. Mineral owners sometimes receive less than 5% of the value of minerals. The three iron ore scams in Karnataka, Goa and Odisha have some things in common. There were widespread and diverse breaches of the constitution, laws, rules and regulations. The environment was badly damaged. The minerals were being exhausted. Enormous corruption was...
More »Arvind Subramanian slams carbon imperialism, calls for global coal alliance -Gireesh Chandra Prasad
-Livemint.com Arvind Subramanian says coal will remain the primary source of energy for India in the short to medium term as it remains the cheapest energy source for development needs New Delhi: Coal will and should remain the primary source of energy for India in the short to medium term as the fossil fuel remains the cheapest source of energy for India’s development needs, chief economic advisor Arvind Subramanian said on Thursday. Renewable...
More »Courts reject challenges to coal block auctions -Sanjay Dutta
-The Times of India NEW DELHI: The Narendra Modi government's auction of coal blocks continues to notch up legal victory in case after case, with the Delhi high court rejecting separate petitions by four bidders challenging classification of mines for bidding. In its order passed on Wednesday, a bench of Justices Badar Durrez Ahmed and Sanjeev Sachdeva dismissed petitions by Monnet Ispat and Energy Ltd, Jayaswal Neco Industries Ltd, Utkal Coal Ltd...
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